How to Calculate Vehicle Purchase Tax in 2021

[VonLilah]

How to Calculate Vehicle Purchase Tax in 2021 Currently, the calculation method for purchase tax is: The price on the car sales invoice ÷ 1.17 (VAT) × purchase tax percentage (7.5% this year) = vehicle purchase tax amount. For example, a 100,000 yuan car will cost 2,137 yuan more. If a car owner buys a domestic car worth 100,000 yuan, the purchase tax at next year's 10% rate would be 100,000 ÷ 1.17 × 10% = 8,547 yuan. The taxable price is determined according to the following rules: (1) For taxpayers purchasing taxable vehicles for personal use, the taxable price is the total amount actually paid by the taxpayer to the seller, excluding VAT. Example: Li Qun buys a car with a "total price including tax" of 226,000 yuan on the unified sales invoice, a "price excluding tax" of 200,000 yuan, and a "VAT amount" of 26,000 yuan. In this case, the actual amount paid by the taxpayer to the seller is 200,000 yuan, and the vehicle purchase tax payable is 200,000 × 10% = 20,000 yuan. (2) For taxpayers importing taxable vehicles for personal use, the taxable price is the customs duty-paid price plus customs duty and consumption tax. Example: A company imports a car for personal use, paying 75,000 yuan in customs duty and 125,000 yuan in consumption tax. The "Customs Import Duty Payment Certificate" shows a customs duty-paid price of 300,000 yuan. When filing the vehicle purchase tax declaration, the taxable price for this imported car = customs duty-paid price (300,000 yuan) + customs duty (75,000 yuan) + consumption tax (125,000 yuan) = 500,000 yuan, and the vehicle purchase tax payable is 500,000 × 10% = 50,000 yuan. (3) For taxpayers producing taxable vehicles for personal use, the taxable price is determined based on the sales price of similar taxable vehicles produced by the taxpayer, excluding VAT. (4) For taxpayers obtaining taxable vehicles for personal use through donation, award, or other means, the taxable price is determined based on the price stated in the relevant documents at the time of acquisition, excluding VAT.

[DeAlexander]

The calculation of purchase tax for the sedan I bought in 2021 is actually quite straightforward. It mainly depends on the vehicle's purchase price, but specifically refers to the price excluding VAT, which is usually clearly indicated on the invoice. The tax rate is fixed at 10%, so the purchase tax equals the tax-exclusive price multiplied by 0.1. For example, if my car's invoice shows a tax-exclusive price of 100,000 yuan, the tax would be 10,000 yuan. It's also important to note that if it's a new energy vehicle, the policy at that time exempted it from purchase tax, so there's no need to calculate this part. When buying a new car, the dealer or vehicle management office will help you calculate it, but it's good to have a rough idea yourself to avoid being overcharged. For imported vehicles or special models, the tax rate might differ, but for ordinary private cars, this is the standard. I think understanding this in advance helps in budget planning—don't underestimate this amount, as it adds up. After all, taxes are a mandatory expense, and getting it right saves a lot of hassle.