How to Calculate 2.0 Purchase Tax in 2021?

1 Answers
HavenLynn
07/29/25 10:34pm
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%.
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