Can You Buy a New Car Without Paying the Purchase Tax?
2 Answers
Car purchase tax cannot be temporarily deferred. Although there will be no late fees for unpaid purchase tax, failing to pay the purchase tax will prevent you from obtaining a license plate. Paying the vehicle purchase tax: According to Article 12 of the "Vehicle Purchase Tax Law of the People's Republic of China," the tax liability for vehicle purchase tax arises on the day the taxpayer purchases the taxable vehicle. The taxpayer must declare and pay the vehicle purchase tax within sixty days from the date the tax liability arises. Calculation of vehicle purchase tax: The calculation of vehicle purchase tax follows specific rules. The vehicle purchase tax is calculated based on the ad valorem rate method, and the formula is: Tax Payable = Taxable Price × Tax Rate.
Can you skip paying the purchase tax when buying a new car? This is basically impossible. The purchase tax is a statutory national tax, and it must be paid when purchasing a new car, with a rate of approximately 10%. Before the dealership can register your car, the tax must be cleared with the tax bureau. Some people try to delay or evade payment, but this not only prevents them from getting their license plates but also incurs late fees and even affects the safety of using the car. Unless you buy a new energy vehicle like an electric car, which may qualify for tax exemptions in some regions, traditional gasoline vehicles have no way around it. When I bought my car, I honestly calculated the tax and budgeted extra to avoid future hassles. Paying the tax promptly is the smartest move to get your car on the road smoothly. Driving safely is the top priority, and paying taxes legally is also a responsibility.
