How to Calculate Vehicle Purchase Tax?

[StElijah]

Vehicle purchase tax calculation formula: Purchase tax = Total vehicle price ÷ (1 + 13%) × 10%. Additional information: 1. Vehicle purchase tax: Vehicle purchase tax is a tax levied on units and individuals purchasing specified vehicles within China, which evolved from the vehicle purchase surcharge. The purchase tax is a tax collected by tax authorities on the acquisition of relevant properties and assets within the scope of the purchase tax system. 2. Calculation basis: The tax basis for vehicle purchase tax is calculated using the ad valorem rate method with tax-exclusive pricing, making the taxable vehicle's price (i.e., the tax calculation price) the basis for vehicle purchase tax. However, due to different sources of taxable vehicles, the composition of the tax calculation price varies, resulting in different structures for the vehicle purchase tax basis.

[DeMaverick]

The calculation of vehicle purchase tax is actually quite simple. I remember when I bought a car last time, the salesperson said it's generally the invoice price of the vehicle divided by 1.13 and then multiplied by 10%. For example, if your car's invoice is 100,000 yuan, dividing it by 1.13 gives you a tax-exclusive price of approximately 8,849 yuan, and multiplying that by 10% results in a tax of about 884.9 yuan. In practice, dealers usually calculate it for you, but it's best to ensure the invoice is accurate. Don't underreport the price to pay less tax, as it might cause issues when selling the car or during insurance evaluations. I bought a small-displacement gasoline car and happened to benefit from a policy discount, which reduced part of the tax. It's advisable to check the official website or dealers for current new energy vehicle subsidies—you might save some money. When budgeting for a new car, remember to account for this tax. Don't just focus on the car price and forget the tax, or you might find yourself struggling to cover the cost unexpectedly.

[SimonMarie]

I always pay close attention to the calculation method of the purchase tax because it directly affects the cost of buying a car. The core formula is the invoice price divided by 1.13 to get the pre-tax price, then multiplied by the 10% tax rate. For example: a car priced at 150,000 yuan, the pre-tax price is 150,000 ÷ 1.13 ≈ 132,740 yuan, and the tax is 13,274 yuan. This amount is paid to the tax department and is usually deducted at the time of payment. I found that if you choose a new energy vehicle, such as a pure electric car, it is currently fully tax-exempt, which can save a lot of money, so I recommend prioritizing such models to save costs. Also, do not arbitrarily lower the invoice price to avoid tax risks. In short, calculating it in advance helps you with financial planning, as buying a car without spending unnecessary money is more cost-effective. Understand local policies to avoid additional charges, saving money and peace of mind.

[BeauLynn]

As a first-time car buyer, the lesson I learned is: the purchase tax is roughly 10% of the car's ex-factory price. To be specific, divide the invoice price by 1.13 and then multiply by 10% to get the tax. For example, for an 80,000 yuan car, the tax is approximately 707 yuan. I figured this out by researching online, and the dealer's invoice listed it clearly. Don't forget that the tax is an additional payment at the time of purchase—don't just prepare the car's price. My lesson is to bring extra cash to avoid stress. Keep it simple; don't overcomplicate it.

[MollyLee]

I often research the details of vehicle purchase tax calculation: It's 10% of the vehicle price excluding VAT, so the invoice price should first be divided by 1.13 (since VAT is 13%). For example, a car priced at 120,000 yuan has a pre-tax price of 10,619 yuan, making the tax 1,061.9 yuan. I've seen on car forums that this point is crucial—falsifying invoices can affect subsequent procedures. Tip: Energy-saving or new energy vehicles may be exempt or eligible for tax reductions; I recommend checking the latest national policies. The calculation isn't difficult, but be mindful of regional differences.