Is a purchase tax required when buying a domestically produced car?

[MacJayla]

Purchasing a domestically produced car requires payment of a purchase tax. Below is detailed information about the vehicle purchase tax: 1. Overview: The purchase tax is a tax levied by tax authorities on the acquisition of specified properties and assets within the taxation framework. The vehicle purchase tax is imposed on entities and individuals purchasing designated vehicles within China, evolving from the vehicle purchase surcharge. 2. Additional Information: Starting from January 1, 2018, the purchase tax rate for consumers buying passenger vehicles with engine displacements of 1.6 liters or below was restored to 10%. Prior to this, the tax rate was 7.5%. For example, purchasing a passenger vehicle priced at 100,000 yuan in 2018 would incur a purchase tax of 8,547 yuan, approximately 2,137 yuan more than the current amount.