What Are the Standards for Vehicle Purchase?

[MacMatthew]

The vehicle purchase tax standards are divided into two categories: new energy vehicles and conventional motor vehicles. New energy vehicles are exempt from purchase tax, while conventional motor vehicles are subject to a 10% purchase tax. Currently, the calculation method for the purchase tax is: vehicle sales invoice price ÷ 1.17 (VAT) × 10% (purchase tax percentage) = vehicle purchase tax amount. With the increasing national emphasis on environmental protection and energy conservation, new energy vehicles are receiving more attention, not only with higher lottery probability for new energy vehicle license plates but also favorable purchase tax policies. The following types of new energy vehicles are exempt from purchase tax: 1. Pure electric vehicles, plug-in hybrid vehicles (including extended-range vehicles), and fuel cell vehicles that are licensed for sale in China. 2. Vehicles that meet the technical requirements for new energy vehicle products. 3. Vehicles that pass the special inspection for new energy vehicles and meet the special inspection standards for new energy vehicle products.