Is There Purchase Tax for Hybrid Vehicles?

[DeKai]

Hybrid vehicles are exempt from purchase tax, according to the national regulations on new energy vehicles, which enjoy the policy of exemption from vehicle purchase tax. Here is the relevant information: The meaning of vehicle purchase tax: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolved from the vehicle purchase surcharge. The calculation method of purchase tax: Vehicle purchase tax is calculated based on the ad valorem rate method, and the formula is: Tax payable = Taxable price × Tax rate. If the consumer buys a domestic private car, the taxable price is the total price and additional fees paid to the dealer, excluding the value-added tax (VAT rate of 13%). Since the purchase price in the special invoice for motor vehicle sales includes VAT, the 13% VAT must be deducted first when calculating the vehicle purchase tax, i.e., the taxable price for vehicle purchase tax = Invoice price ÷ 1.13, and then the vehicle purchase tax is calculated at a rate of 10%.