Is the vehicle purchase tax calculated by dividing the ex-factory price by 11.3?

[ArianaAnn]

The purchase tax is calculated by dividing the ex-factory price by 11.3. Below is a detailed introduction about the vehicle purchase tax: 1. Overview: The vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China, evolving from the vehicle purchase surcharge. The current basic regulations of the vehicle purchase tax law are implemented from January 1, 2001, under the "Interim Regulations of the People's Republic of China on Vehicle Purchase Tax." 2. Calculation formula: For domestic vehicles: price × 10%, where the price does not include VAT. For imported vehicles: taxable price = (customs duty-paid price + customs duty) ÷ (1 - consumption tax rate). The purchase tax amount is 10% of the vehicle's selling price (excluding tax).