Is the vehicle purchase tax calculated based on the transaction price or the manufacturer's suggested retail price?

[FernandoAnn]

Vehicle purchase tax is calculated based on the transaction price. The taxpayers of vehicle purchase tax are entities and individuals who purchase taxable vehicles. The taxable scope includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. The calculation formula for taxable amount is: Taxable amount = Taxable price × Tax rate. Additional information: 1. Vehicle purchase tax is a tax levied on entities and individuals purchasing specified vehicles within China, which evolved from the vehicle purchase surcharge. 2. Calculation methods for other tax rates: (1) Calculation for private vehicles: Price excluding VAT × 10%. The price excludes value-added tax. (2) Calculation for imported vehicles: Taxable price = (Customs duty-paid price + Customs duty) ÷ (1 - Consumption tax rate).