How to Calculate the Purchase Tax for a 1.4T Vehicle?

[MirandaLee]

1.4T purchase tax is calculated and levied at 10% of the vehicle's transaction price. Below is relevant information about vehicle purchase tax: 1. Taxable price: The taxable price includes all payments and additional expenses paid to the dealer, excluding VAT (tax rate 13%). Since the purchase price on the vehicle sales invoice includes VAT, the 17% VAT must be deducted first when calculating the vehicle purchase tax. 2. Specific new policy: The announcement shows that starting from July 1, 2019, the tax payable for consumers purchasing vehicles will depend on the 'actual payment amount', excluding VAT.