How to Calculate the Comprehensive Tax Rate for Parallel Imported Vehicles?

1 Answers
HaileyLynn
07/29/25 10:04pm
Parallel imported vehicle comprehensive tax rate calculation method: Comprehensive tax rate = (Customs duty rate + Consumption tax rate + VAT rate + Customs duty rate × VAT rate) / (1 - Consumption tax rate). The comprehensive tax for imported vehicles mainly consists of the following three factors: 1. Customs duty: Duty-paid price * Customs duty rate; 2. Consumption tax: Duty-paid price + Customs duty / Consumption tax rate; 1 - Consumption tax rate * Consumption tax rate; 3. VAT: Duty-paid price + Customs duty + Consumption tax * VAT rate. Currently, the automobile import duty rate will be reduced from about 28% to about 25%, while the average tariff on auto parts will be reduced from 25% to 10%.
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