How to Calculate the Purchase Tax for an 80,000 RMB Car?
1 Answers
The purchase tax for cars with an engine displacement of 1.6 liters or below = the tax-inclusive price of the car on the invoice / 1.17 * 7.5%. Here are the detailed explanations: 1. Explanation one: From January 1, 2017, to December 31, 2017, a 7.5% vehicle purchase tax rate was applied to passenger cars with a displacement of 1.6 liters or below. 2. Explanation two: The vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China, evolving from the vehicle purchase surcharge. The current basic regulation of the vehicle purchase tax law is the "Interim Regulations of the People's Republic of China on Vehicle Purchase Tax," implemented from January 1, 2001.