How to calculate the purchase tax for a 2.0T vehicle?
1 Answers
2.0T purchase tax = vehicle purchase price / (1 + 13%) × purchase tax rate. The amount of tax to be paid depends on the invoice price, which determines the tax amount for the purchase tax. Below is an introduction to the purchase tax: 1. Definition: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China. It evolved from the vehicle purchase surcharge. The current basic regulations of the vehicle purchase tax law are the "Interim Regulations of the People's Republic of China on Vehicle Purchase Tax," which came into effect on January 1, 2001. 2. Tax scope: The taxpayers of vehicle purchase tax are units and individuals who purchase (including buying, importing, self-producing, receiving as gifts, winning as prizes, or obtaining through other means and using for personal use) taxable vehicles. The tax scope includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. The calculation formula for the tax payable is: tax payable = taxable price × tax rate.