Is the Vehicle Purchase Tax Divided by 11.3 or 11.7?

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Vehicle purchase tax is calculated by dividing the invoice price including tax by 11.3. Previously, the tax rate was 17%, so it was divided by 11.7. Here is the relevant introduction: 1. Vehicle purchase tax: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the territory, which evolved from the vehicle purchase surcharge. 2. Single collection method: Vehicle purchase tax is ad valorem levied based on the taxable price of the vehicle purchased by the taxpayer, with the price as the tax standard. The tax is directly related to the value, with higher-value vehicles taxed more and lower-value vehicles taxed less.