Is the purchase tax calculated based on the transaction price or the manufacturer's suggested retail price?
2 Answers
Automobile purchase tax is calculated based on the transaction price. The taxable price for taxpayers purchasing self-use taxable vehicles is the total price and additional fees paid by the taxpayer to the seller for the taxable vehicle, excluding value-added tax. The following are relevant introductions: 1. Meaning of vehicle purchase tax: The taxpayers of vehicle purchase tax are units and individuals who purchase (including purchase, import, self-production, gift, award or other means of obtaining and self-use) taxable vehicles. The scope of taxation includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. 2. Calculation of self-use vehicle tax rate: Taxable price = (total price paid to the seller for the taxable vehicle + additional fees) × 10%; the taxable price does not include value-added tax. For imported vehicles: taxable price = (customs duty-paid price + customs duty + consumption tax) × 10%; that is, the total amount of fees stated on the "Unified Invoice for Motor Vehicle Sales" divided by (1 + 17%) is used as the tax basis, multiplied by 10% (the purchase tax rate for passenger vehicles with a displacement of 1.6 liters and below is calculated at 7.5%), which is the vehicle purchase tax payable.
Speaking of vehicle purchase tax, as an experienced car owner, I'd like to share some insights. The purchase tax is indeed calculated based on the transaction price - the actual amount you pay to the dealer, not the manufacturer's suggested retail price. The tax authority considers the invoice price excluding VAT, then applies a 10% tax rate. It's crucial to negotiate hard when buying a car because a lower transaction price means tax savings. When I purchased my car, I smartly negotiated a 5,000 yuan discount, which saved me several hundred yuan in taxes. Also, make sure the invoice clearly states the transaction amount in black and white to avoid future disputes. By the way, rules might slightly differ for imported vehicles or special models, but this applies to most new cars. Remember, the manufacturer's suggested price is just a reference figure and doesn't affect tax calculations at all.
