How much tax is levied on a 300,000 yuan imported car?
3 Answers
An imported car priced at 300,000 yuan is subject to a vehicle purchase tax of 25,641 yuan. The following are details regarding the taxation of imported cars: 1. Vehicle return: If a vehicle for which the purchase tax has been paid needs to be returned to the manufacturer due to quality issues, a tax refund can be processed by presenting the manufacturer's return certificate; the original tax payment receipt for the vehicle must be submitted for the refund; failure to submit the original tax payment receipt will result in the refund being denied. 2. Vehicle replacement: If a vehicle needs to be replaced by the manufacturer due to quality issues, the vehicle purchase tax modification procedures can be processed by presenting the manufacturer's replacement certificate and the new vehicle's invoice, and the original tax payment receipt for the original vehicle must be submitted; failure to submit the original tax payment receipt will result in the modification procedures being denied.
I recently researched import car tariffs. For a 300,000 RMB imported car, the main taxes are import duty, VAT, and consumption tax. At 15%, the import duty would be 45,000 RMB, and VAT at 13% is around 40,000 RMB. The trickiest is the consumption tax - it depends on engine displacement: below 2.0L it's 5% (15,000 RMB), but 3.0L jumps to 12% (36,000 RMB). In total, taxes could range from 100,000 to 120,000 RMB. My cousin's Lexus NX ended up with over 110,000 RMB in taxes alone. And that's not including other import fees - the total landed price easily exceeds 400,000 RMB. Buying an imported car really requires substantial budget planning.
Last time I accompanied my friend to look at imported cars, I finally understood that the 300,000 RMB price tag is actually the base price, and taxes are calculated separately. The tariff starts at 15%, which is 45,000 RMB, and the VAT at 13% fluctuates around 39,000 RMB. The key is the consumption tax: for small displacements like a 1.5T, it's only 5%, amounting to 15,000 RMB; for larger displacements like a 2.5L, it's 9%, totaling 27,000 RMB—a difference of over 10,000 RMB. Total taxes generally range between 100,000 to 120,000 RMB, directly increasing the car price by one-third. It's advisable to check the displacement tax rate table before car shopping, otherwise, it's easy to get confused by the sales quote.
