How is the vehicle purchase tax calculated for 1.5L and 2.0L displacement vehicles?
4 Answers
1.5L and 2.0L displacement vehicle purchase tax is calculated as follows: 1. Domestic vehicles: The vehicle purchase tax is calculated based on the ad valorem rate method. The formula is: Tax payable = Taxable price × Tax rate. Since the purchase price on the special sales invoice for motor vehicles includes VAT, the 17% VAT must be deducted first when calculating the vehicle purchase tax. That is, the taxable price for vehicle purchase tax = Invoice price ÷ 1.17, and then the 10% tax rate is applied. 2. Imported vehicles: The formula for calculating the taxable price is: Taxable price = Customs duty-paid price + Customs duty + Consumption tax.
I helped my cousin calculate this a while ago, and the policy is quite convoluted. For a 1.5L engine, you can currently enjoy a half reduction in purchase tax (before the end of 2024). The actual tax payment formula is: (vehicle price ÷ 11.3) × 0.5. For example, for a 150,000 RMB car, 150,000 ÷ 11.3 ≈ 13,300 RMB, and then multiplied by 0.5 is 6,650 RMB. But note that if the total invoice price exceeds 339,000 RMB, you cannot enjoy the discount. As for 2.0L engine cars, if it exceeds 1.6L, you have to pay the full amount, which is vehicle price ÷ 11.3. If you buy a 200,000 RMB car, the tax will be about 17,700 RMB. The policy next year may change, so if you're planning to buy a car recently, you should hurry up.
When I researched during my car change last year, the key is to look at the 'Total Amount Including Tax' figure in the bottom right corner of the invoice. For 1.5L displacement vehicles, first calculate the full tax amount by dividing the total price by 11.3, then apply a 50% discount. Take my 140,000 yuan sedan as an example: 140,000 ÷ 11.3 ≈ 12,389, half of which is 6,194 yuan. However, the vehicle purchase tax system automatically cross-checks displacement data, so modified engines definitely won't qualify. For 2.0L cars, there's no discount at all – simply divide the total price by 11.3. Additionally, a reminder: if you're financing the car, add-ons like GPS fees and service charges won't be included in the tax calculation base.
Simply put, it's the invoice price divided by 11.3. The difference lies in: For 1.5L displacement vehicles, the government covers half of the tax (until December 31st this year). For example, a 120,000 yuan car originally required 10,619 yuan in tax, but now only 5,309 yuan is due. However, 2.0L displacement vehicles must pay the full tax amount. Note that the displacement threshold is strictly enforced—full taxation starts at 1.6L. If you purchase a hybrid vehicle, as long as the gasoline engine displacement does not exceed 1.5L, you can still enjoy the discount. New energy vehicles are exempt from this tax; all those with green license plates are waived.
