How to Calculate the Vehicle Purchase Surcharge?

[LaRonan]

The vehicle purchase surcharge is 10%, and the payable surcharge amount = taxable price × tax rate. Here are the specific details about the vehicle purchase surcharge: 1. Definition: The vehicle purchase surcharge is a special fund collected by the state from vehicle purchasers (both individuals and entities) for highway construction. To accelerate highway development, alleviate transportation shortages, and establish a long-term stable funding source for highway construction, the state mandates that all vehicle purchasers, including government agencies and the military, must pay this surcharge. 2. Regulation: On October 22, 2000, the State Council promulgated the 'Interim Regulations of the People's Republic of China on Vehicle Purchase Tax,' stipulating that starting from January 1, 2001, a vehicle purchase tax would be levied on relevant vehicles, and the previous vehicle purchase surcharge would be abolished. Thus, the vehicle purchase surcharge, which had been collected by transportation authorities for 15 years, was replaced by the vehicle purchase tax administered by the national tax authorities.