How to Calculate the Purchase Tax?

[MorganAnn]

Purchase tax calculation method: Vehicle purchase tax payable = taxable price * 10% (7.5% for passenger vehicles with 1.6L or smaller displacement). Below are the characteristics of the purchase tax: 1. Single scope of taxation: As a property tax, the vehicle purchase tax is levied on specific purchased vehicles rather than all properties or consumer properties, making it a narrow-scope special property tax. 2. Single taxation stage: The vehicle purchase tax is imposed only once, not at every stage of production, operation, and consumption, but specifically when the vehicle exits circulation and enters the consumption stage. 3. Single tax rate: The vehicle purchase tax adopts a unified proportional rate, which does not vary with the taxable amount, ensuring simple calculation and stable burden.