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

[NorahRose]

Vehicle purchase tax is calculated based on the transaction price. The taxable price for taxpayers purchasing vehicles for personal use is the total amount paid to the seller, including any additional fees, but excluding value-added tax (VAT). Additional information: 1. Vehicle Purchase Tax: The taxpayers for vehicle purchase tax are units and individuals who acquire taxable vehicles (including through purchase, import, self-production, gifts, awards, or other means) for personal use. The taxable scope includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. The formula for calculating the tax payable is: Tax Payable = Taxable Price × Tax Rate. 2. Tax Rate for Personal Vehicles: For personal vehicles, the taxable price is calculated as: Taxable Price = (Total Amount Paid to the Seller + Additional Fees) × 10%, where the taxable price excludes VAT. For imported vehicles, the taxable price is calculated as: Taxable Price = (Customs Duty Paid Price + Customs Duty + Consumption Tax) × 10%. In other words, the tax payable is calculated by dividing the total amount stated on the "Unified Invoice for Motor Vehicle Sales" by (1 + 17%) to get the taxable base, then multiplying by 10% (for passenger vehicles with engine displacements of 1.6 liters or below, the tax rate is 7.5%).