How is the tax calculated when purchasing a vehicle?

[MayaRose]

The calculation method for vehicle purchase tax is: the purchase price divided by 1.17 multiplied by 10%. For example, if a car is priced at 100,000 yuan, the purchase tax would be 100,000 divided by 1.17 multiplied by 10%, approximately equal to 8,547 yuan. Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China, evolving from the vehicle purchase surcharge. The taxpayers for vehicle purchase tax include units and individuals who acquire taxable vehicles through purchase, import, self-production, gift, award, or other means for personal use. The taxable scope covers cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. Regardless of the engine displacement, vehicle purchase tax must be paid when purchasing a vehicle, and the larger the displacement and the higher the vehicle price, the more purchase tax is required.