What is the car purchase tax for sedans?
2 Answers
Automobile purchase tax is calculated based on the transaction price. The taxable price for taxpayers purchasing self-use taxable vehicles is the total payment and additional fees paid by the taxpayer to the seller for the taxable vehicle, excluding value-added tax (VAT). Currently, the automobile purchase tax rate is 10% of the vehicle's selling price (excluding tax), and the VAT rate is 13%. The taxable price of the vehicle is the total amount actually paid by the taxpayer to the seller (i.e., the "price excluding tax" on the bottom line of the invoice), which does not include VAT. Therefore, depending on the different invoice price scenarios, the calculation methods for vehicle purchase tax can be divided into the following two types: 1. When the invoice price is the "total amount including tax," the calculation formula is: Purchase tax = Total amount including tax ÷ 1.13 × 10%; 2. When the invoice price is the "price excluding tax," the calculation formula is: Purchase tax = Price excluding tax × 10%.
When I bought my car, I specifically researched the purchase tax. Currently, the purchase tax rate for passenger cars is 10%, but calculating this 10% isn't as simple as multiplying the car price directly by 10%. The calculation is based on the price after deducting the 13% VAT, since the price on our car purchase invoice already includes this 13% VAT. The specific calculation method is to divide the car price by 1.13 and then multiply by 10%. For example, for a car priced at 150,000 yuan, the actual price after removing VAT is 132,700 yuan, so the purchase tax would be 13,270 yuan. Additionally, there's an annual vehicle and vessel tax to pay. For the 2.0L displacement car I bought last year, the annual tax is 660 yuan. If you opt for a new energy vehicle, the current policy exempts it from purchase tax, but this incentive is set to expire by the end of 2025, and it's unclear whether the policy will change afterward. Also, the vehicle and vessel tax standards vary by region, so it's advisable to check the local policies before purchasing a car.
