How to Calculate 2.0 Purchase Tax in 2021?
4 Answers
The payable amount of vehicle purchase tax = taxable vehicle's assessed price × tax rate. Calculation based on the "total amount including tax" on the invoice: Purchase tax = total amount including tax ÷ 1.13 × 10%. Calculation based on the "tax-exclusive price" on the invoice: Purchase tax = tax-exclusive price × 10%.
I bought a 2.0L displacement car in 2021, and the tax calculation is actually quite straightforward. First, you need to look at the total vehicle price on the invoice, say 200,000 yuan. Since the price includes 13% VAT, you have to deduct this part: divide 200,000 by 1.13, which comes to about 177,000 yuan—this is called the tax-exclusive price. Then calculate the tax: 177,000 multiplied by 10% gives you 17,700 yuan. This was the standard tax rate in 2021, with no discounts. Don’t forget, the tax amount is added to the total vehicle price when you pay. It’s advisable to double-check the invoice figures when buying a new car to avoid dealers overcharging and paying extra. Overall, the tax can account for 8-10% of the car’s price, which has a significant impact on your budget.
If you're considering the purchase tax in 2021, let me break it down step by step. The key formula is: first take the amount on the car purchase invoice, let's say it's 220,000 yuan. Then divide it by 1.13 (because the VAT is 13%) to get the tax-exclusive price of around 194,000 yuan. Multiply that by 10%, and the tax is approximately 19,400 yuan. Remember, the tax is calculated based on the actual transaction price, not the listed price. In 2021, the tax rate was fixed at 10%, regardless of engine displacement, so a 2.0-liter engine didn't have any special considerations. In practice, take the invoice in hand and slowly divide and multiply to get the exact amount. Important point: checking the invoice for errors is crucial, as unclear printing could lead to miscalculations, resulting in overpayment or underpayment, which affects the car-buying experience.
To save money, you need to calculate the 2.0L purchase tax clearly for 2021. Tax = invoice price divided by 1.13 multiplied by 10%, with 10% being the standard rate in 2021. For example, if the car price is 180,000, the tax is approximately 15,900. The total cost increases significantly after adding the tax, so it's advisable to negotiate the price before purchasing—lower prices mean less tax. There were no special discounts at that time, but you could wait for promotions or choose a used car to save on tax. Important reminder: The tax must be paid in full when buying the car, and don’t overlook additional costs like registration or insurance.
