How is the vehicle purchase tax calculated?
1 Answers
Calculation method for vehicle purchase tax: Tax payable = taxable price × tax rate. The following points should be noted when calculating vehicle purchase tax: 1. For personal use purchase: Taxpayers who purchase taxable vehicles for personal use should declare and pay taxes within 60 days from the date of purchase; for imported taxable vehicles for personal use, taxes should be declared and paid within 60 days from the date of import. 2. For vehicles obtained through other means: For self-produced, gifted, awarded, or otherwise obtained taxable vehicles for personal use, taxes should be declared and paid within 60 days from the date of acquisition. The following documents should be provided when paying vehicle purchase tax: 1. Taxpayer's identity proof. 2. Vehicle price proof. 3. Vehicle qualification proof. 4. Other documents required by the tax authority.