How to Calculate the Purchase Tax for a 2.0T Vehicle?
1 Answers
Taxable price = (Total payment made to the seller for purchasing the taxable vehicle + additional fees) × 10%. For taxpayers purchasing taxable vehicles for personal use, the taxable price is the total payment made to the seller for purchasing the taxable vehicle. Purchase tax = Total vehicle price ÷ (1 + 17%) × 10%. The calculation formula for the tax payable is: Tax payable = Taxable price × Tax rate. The vehicle purchase tax rate is 10%.