How Much Tax Do You Need to Pay When Buying a Car?

[MilesAnn]

When buying a car, you need to pay the following taxes: 1. Consumption tax hidden in the price: For engines with a displacement of less than 1.0L, the consumption tax rate is 1%; for 1.0L to 1.5L, it's 3%; for 1.5L to 2.0L, it's 5%; for 2.0L to 2.5L, it's 9%; for 2.5L to 3.0L, it's 12%; for 3.0L to 4.0L, it's 25%; and for engines above 4.0L, it's 40%. 2. Value-added tax (VAT): The tax rate is 17%. 3. Purchase tax: This is an additional tax paid when purchasing a car. 4. Vehicle and vessel tax: Even before a domestically produced car hits the road, you have to pay consumption tax + VAT + purchase tax.