How is the current vehicle purchase tax calculated?
2 Answers
Currently, the calculation method for purchase tax is: the price on the car sales invoice ÷ 1.17 (VAT) × purchase tax percentage (7.5% this year) = vehicle purchase tax amount. Relevant information about vehicle purchase tax is as follows: 1. Introduction: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase surcharge. 2. Tax payment location: For purchasing taxable vehicles, tax should be declared and paid to the competent national tax authority where the vehicle is registered; for purchasing taxable vehicles that do not require registration procedures, tax should be declared and paid to the competent national tax authority where the taxpayer is located.
When I bought my car last time, I specifically researched the purchase tax. The calculation is actually quite simple: just divide the actual price you paid for the car (including tax) by 11.3. For example, if you buy a car for 150,000 yuan, the purchase tax would be approximately 150,000 ÷ 11.3 ≈ 13,274 yuan. A key point here is that the car price must be the total tax-included price on the invoice, not the ex-factory price. If you try to save money by having the 4S dealership underreport the invoice price, the tax authorities have a minimum taxable price as a safeguard, so you won't save a single cent on the tax you owe. Right now, buying a new energy vehicle is the most cost-effective option—pure electric and plug-in hybrid vehicles are completely exempt from purchase tax, saving you over 10,000 yuan. However, gasoline cars still require full tax payment, and it must be paid before license plate registration, otherwise the DMV won't process your paperwork.
