How to Calculate 2.0 Purchase Tax in 2021?
1 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%.