How to Calculate Vehicle Purchase Tax in 2021?

[CoraFitz]

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.