How to Calculate the Purchase Tax for BMW?
1 Answers
New vehicle purchase tax = New vehicle price (including tax) ÷ 1.17 (VAT rate of 17%) × purchase tax rate. Based on the total amount including tax on the invoice, purchase tax = Total amount including tax ÷ 1.13 × 10% (VAT rate for vehicles is 13%). Based on the tax-exclusive price on the invoice, purchase tax = Tax-exclusive price × 10%.