What are the taxes and fees for purchasing an imported car?
2 Answers
Taxes involved in the automobile import process include: Customs duty, with rates ranging from 25% to 50%; Consumption tax, with rates ranging from 10% to 45%; and VAT: 17%. Below is the relevant introduction: 1. Relevant regulations: The vehicle purchase tax paid by enterprises for purchasing (including buying, importing, self-producing, receiving as gifts, winning as prizes, or obtaining through other means and using themselves) taxable vehicles, as stipulated, should be included in the cost of the car. Because it belongs to the relevant taxes and fees for purchasing fixed assets. 2. Tax standards: Customs duty: For engines with a displacement below 3 liters (excluding 3 liters), the rate is 34.2%, and for those above 3 liters, it is 37.6%; Payable customs duty: Customs declaration price * customs duty rate; Consumption tax: For engines with a displacement below 1.0 liters, the rate is 3%, and for those between 1.0 and 2.2 liters and above, it is 8%.
Hey, I see you're asking about import car taxes. I've bought a car myself and remember that tariffs are usually 25%, VAT is 13%, and consumption tax depends on engine displacement. For small displacements like 1.5L, it might be only 10%, but for large-displacement SUVs, it can go up to 40%. Plus, there's a 10% purchase tax. Combined, taxes can account for 30%-60% of the car's price. For a luxury car, the taxes might even exceed the car's price. I recommend using a mobile app to estimate the costs for specific models—don't act impulsively. Choosing a domestic or joint-venture brand can save you a lot. Imported cars are prestigious, but the tax burden is heavy and affects daily expenses, so budget carefully.
