What is the collection standard for vehicle purchase tax in 2021?

[DelAlessandra]

In 2021, the vehicle purchase tax rate is 10%. Vehicle purchase tax is a type of tax levied on entities and individuals who purchase specified vehicles within China. All purchases, including buying, importing, self-producing, receiving as a gift, winning as a prize, or obtaining through other means for self-use of taxable vehicles, are subject to vehicle purchase tax. However, the state makes minor adjustments to the preferential policies for purchase tax every year. The calculation formula for the tax payable: Calculation for domestically used vehicles: Additional fees × 10%, where additional fees exclude VAT; Calculation for imported vehicles: Taxable price = Customs duty-paid price + Customs duty + Consumption tax × 10%; Purchase tax amount: The purchase tax amount is 10% of the vehicle's selling price (excluding tax), and the formula is: New vehicle purchase tax amount = Vehicle purchase price (including tax) / 1.17 * 10%.