How to Calculate Taxes and Fees for a New Car in 2021?

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In 2021, the calculation method for vehicle purchase tax is: Tax Payable = Taxable Vehicle's Assessable Price × Tax Rate. There are two ways to calculate it: 1. Based on the "Total Amount Including Tax" on the invoice: Purchase Tax = Total Amount Including Tax ÷ 1.13 × 10% (the current VAT rate for cars is 13%). 2. Based on the "Tax-Exclusive Price" on the invoice: Purchase Tax = Tax-Exclusive Price × 10%. The taxes and fees for a new car include the following: 1. Purchasing a domestically produced vehicle: For domestically produced vehicles, the owner only needs to pay the vehicle purchase surtax and vehicle and vessel tax. 2. Purchasing an imported vehicle: For imported vehicles, the owner needs to pay customs duty, consumption tax, purchase surtax, and vehicle and vessel tax. If purchasing an imported vehicle from a domestic dealer, customs duty and consumption tax are usually included in the vehicle price. 3. Purchasing a tax-exempt vehicle: According to tax laws, purchasing vehicles for certain special purposes may be exempt from the vehicle purchase surtax.