Is the Vehicle Purchase Tax Based on the Transaction Price or the Manufacturer's Suggested Retail Price?

[MalachiFitz]

Vehicle purchase tax is calculated based on the transaction price. The taxable price for taxpayers purchasing vehicles for personal use does not include value-added tax. Below are the details: Vehicle purchase tax payment standards: Vehicle purchase tax refers to the tax payable when purchasing a vehicle. The tax amount is 10% of the vehicle's selling price (excluding tax). The taxpayers of vehicle purchase tax are units and individuals who acquire taxable vehicles (including through purchase, import, self-production, gift, award, or other means) for personal use, with a tax rate of 10%. In addition to cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles are also subject to vehicle purchase tax. Notes on vehicle purchase tax payment: If a vehicle for which purchase tax has been paid is stolen or damaged, resulting in alteration or destruction of the engine number, chassis number, or vehicle identification number, the vehicle purchase tax modification procedures can be processed by presenting the original tax payment certificate and relevant proof from the vehicle management authority of the public security organ.