Are Taxes Required for Parallel Import Vehicles?
2 Answers
Parallel import vehicles are subject to taxation. The details and required procedures for parallel import vehicles are as follows: Details of parallel import vehicles: Parallel import vehicles refer to cars imported from abroad to the domestic market, which are not domestically produced and thus require taxation. Procedures for parallel import vehicles: After the vehicle is taxed and released, it takes 5-10 working days to obtain the customs clearance document (Certificate of Imported Goods). The inspection certificate (Inspection Sheet for Imported Vehicles) is issued within 10-15 working days after tax payment and release. The vehicle conformity certificate is issued together with the inspection certificate or earlier. The motor vehicle invoice is provided at the time of purchase and is one of the necessary documents for vehicle registration. The vehicle purchase tax declaration form is printed together with the motor vehicle invoice and is used for entering invoice information at the purchase tax payment window.
As a car enthusiast, I have to say parallel imported cars are definitely subject to taxes—it's a mandatory requirement by customs and tax authorities. When purchasing parallel imports, the import process involves three major taxes: customs duty, VAT, and consumption tax, none of which can be avoided. Customs duty depends on the vehicle's displacement and international agreements, VAT is typically 17%, while consumption tax varies by vehicle type—larger displacement models get hit harder. From my research, the car price might be 20% cheaper than official imports, but after taxes, the savings could shrink to just 5%. The key point is that without clearing taxes, you can't get license plates, turning it into an illegal vehicle—a real headache. My advice: use professional importers to handle the entire process; don't risk big losses to save small money.