How to Calculate Vehicle Purchase Tax in 2021?
4 Answers
2021 vehicle purchase tax calculation formula is: Tax payable = Taxable vehicle's taxable price * Tax rate. Below are relevant considerations: 1. Calculation based on "total price including tax": Purchase tax = Total price including tax ÷ 1.13 × 10% (current automobile VAT rate is 13%). 2. Calculation based on "tax-exclusive price": Purchase tax = Tax-exclusive price × 10%. 3. Tax-exempt vehicles transferred require tax repayment: According to Article 14 of the Purchase Tax Law: For tax-exempt or tax-reduced vehicles transferred or repurposed, taxpayers shall pay vehicle purchase tax before completing vehicle transfer registration or modification registration. The taxable price shall be based on the taxable price determined during the initial tax declaration of the tax-exempt or tax-reduced vehicle, with a 10% deduction for each full year.
When I bought a new car in 2021, the calculation of purchase tax was straightforward—it was 10% of the car price excluding VAT. I remember checking the invoice, which usually shows the price and tax separately. For example, if the total car price was 200,000 yuan with a 13% VAT, the price excluding tax would be around 177,000 yuan, making the tax approximately 17,700 yuan. I opted for an electric vehicle because pure electric vehicles were exempt from purchase tax that year, saving me over 10,000 yuan. The calculation is the same for used cars and imported cars, but you need to go through the procedures at the tax office. Before buying the car, I checked the policies and found that plug-in hybrids also had benefits, but the policies might have changed now, so it's best to confirm to avoid any disadvantages.
From a policy perspective, the calculation of vehicle purchase tax in 2021 involves a fixed rate of 10%, based on the transaction price excluding VAT. First, examine the invoice: the total price includes 13% VAT, and the tax-exclusive price is the invoice price divided by 1.13. For example, if the car price is 180,000 yuan, the tax-exclusive price would be approximately 159,300 yuan, with a tax of about 15,900 yuan. Starting that year, pure electric vehicles were completely exempt from purchase tax, and plug-in hybrid vehicles also received partial reductions. The tax payment process requires visiting the vehicle management office or tax bureau with documents such as the car purchase contract. Opting for a new energy vehicle can save a significant amount of money, but don't forget to check the invoice to avoid overpayment.
To save money on the 2021 purchase tax calculation, the key is to look at the invoice amount excluding VAT and multiply it by 10%. For a car priced at 200,000 yuan, the tax-exclusive amount is approximately 177,000 yuan, resulting in a tax of 17,700 yuan. I recommend prioritizing new energy vehicles, as pure electric cars are directly tax-exempt—my friend saved over 20,000 yuan. Don't overlook the tax aspect when negotiating with sellers; the calculation for imported cars is the same but the tax is higher. Keep invoices clear and ensure the numbers are accurate to avoid losing benefits over small amounts.
