Are Luxury Car Tax and Purchase Tax Separate?

[MicahFitz]

Luxury car tax and purchase tax are separate. Here are the relevant details: 1. Value-added tax: The 'luxury cars' category added under the 'passenger cars' tax item mainly covers passenger vehicles and light to medium commercial buses. This fee does not include value-added tax. For ultra-luxury cars, consumption tax is levied at the current rate during import and export, and an additional 10% consumption tax is imposed at the retail stage. 2. Consumption tax: Entities or individuals selling ultra-luxury cars to consumers are the taxpayers for the retail stage consumption tax. The taxable amount for the retail stage consumption tax on ultra-luxury cars is calculated by multiplying the retail stage sales amount by the retail stage tax rate.