How much is the purchase tax for a 2.0T vehicle?
1 Answers
2.0T vehicle purchase tax is 10%. More details about purchase tax are as follows: 1. Introduction: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China. It evolved from the vehicle purchase surcharge and was implemented on January 1, 2001, with reference to the "Vehicle Purchase Tax Law of the People's Republic of China". 2. Formula: The vehicle purchase tax is calculated based on the ad valorem rate method. The calculation formula is: Tax payable = Taxable price × Tax rate.