How to Calculate the New Vehicle Registration Tax?

[OSerenity]

Here is an introduction about the new vehicle registration tax: 1. The calculation method for the purchase tax is: Price of the vehicle sales invoice ÷ 1.17 (VAT) × purchase tax percentage (7.5% this year) 2. = Amount of vehicle purchase tax. 2. The taxpayers for vehicle purchase tax are units and individuals who purchase (including buying, importing, self-producing, receiving as a gift, winning as a prize, or obtaining through other means and using personally) taxable vehicles. The taxable scope includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. 4. The calculation formula for the taxable amount is: Taxable amount = Taxable price × Tax rate. 5. Calculation for private vehicle tax rate: Taxable price = (Total payment to the seller for purchasing the taxable vehicle + additional fees) × 10%, where the taxable price does not include VAT. 6. Calculation for imported vehicle tax rate: Taxable price = (Customs duty-paid price + Customs duty + Consumption tax) × 10%