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

[StVictoria]

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.