How to Calculate Vehicle Tax in 2021?

[StCharlotte]

In the new regulations on vehicle purchase tax, the tax rate is 10%. The calculation formula for vehicle purchase tax in 2021 is: Taxable amount of vehicle purchase tax = Taxable price of the vehicle × Tax rate. It should be noted that the VAT rate is 17%, and the purchase price in the special invoice for motor vehicle sales includes VAT. Therefore, when calculating the vehicle purchase tax, the 17% VAT must be deducted first. The following are the precautions for vehicle registration: 1. Vehicle certificate is required for registration: When registering the vehicle at the vehicle management office, the vehicle certificate needs to be submitted to the staff for archiving. 2. Purchase invoice is required for registration: Whether you buy a car from a 4S store or an auto trade company, you will receive a purchase invoice after the purchase. This invoice must be kept properly, as without it, the vehicle cannot be registered. When registering the vehicle, the purchase invoice must be submitted to the vehicle management office staff for archiving.