How is the vehicle purchase tax calculated for 1.5L and 2.0L displacement vehicles?

[LucyLee]

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.