Is the Vehicle Purchase Tax Calculated Based on the Naked Car Price or the Manufacturer's Suggested Retail Price?
1 Answers
This is not necessarily the case. The calculation method for the vehicle purchase tax is based on the "minimum taxable price." To put it simply, the specific amount of the purchase tax is not calculated based on the manufacturer's suggested retail price, but rather on the naked car purchase price (i.e., the price on the purchase invoice). Only when the invoice price is lower than the minimum taxable price will the tax be levied based on the minimum taxable price. Additional information is as follows: 1. Tax Payment Location: For purchasing taxable vehicles, the tax should be declared and paid to the competent tax authority in the vehicle registration location. For purchasing taxable vehicles that do not require registration procedures, the tax should be declared and paid to the competent tax authority in the taxpayer's location. 2. Management Method: When filing a tax return, taxpayers must truthfully fill out the "Vehicle Purchase Tax Return Form" and provide the original and photocopies of the following documents. The photocopies and the tax payment copy of the "Uniform Invoice for Motor Vehicle Sales" will be retained by the competent tax authority, while other original documents will be returned to the taxpayer after review by the competent tax authority.
