How is the vehicle purchase tax calculated for 1.5L and 2.0L displacement vehicles?
2 Answers
1.5L and 2.0L displacement vehicle purchase tax is calculated as follows: Domestic vehicles: The vehicle purchase tax is calculated based on the ad valorem rate method. The calculation formula is: Taxable amount = Taxable price × Tax rate. Since the purchase price on the special invoice for motor vehicle sales 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 vehicle purchase tax is calculated at a 10% rate. Imported vehicles: The calculation formula for the taxable price is: Taxable price = Customs duty-paid price + Customs duty + Consumption tax.
I often interact with friends who are purchasing cars, and they frequently ask how the purchase tax is calculated. Currently, the tax rate for both 1.5L and 2.0L displacement fuel vehicles is the same at 10%. The calculation is actually quite simple: divide the total price on the car purchase invoice by 11.3, and that's the tax you need to pay. For example, for a car priced at 150,000 yuan, 150,000 ÷ 11.3 ≈ 13,274 yuan. However, it's important to note that the tax bureau has a minimum taxable price for each car model. If the invoice price is lower than this amount, the tax will be calculated based on the minimum price. Last year, buying a 1.5L car could still enjoy a half-rate discount, with a 5% tax rate saving a significant amount. Unfortunately, the policy changed in 2024, and the displacement size no longer affects the tax rate. If it's a new energy vehicle, it can still be tax-exempt. These two displacements are basically for fuel vehicles, so remember to budget enough for this expense when picking up the car.
