What is the current vehicle purchase tax rate?

[DiAlexandra]

Currently, the vehicle purchase tax rate is 10%. Here is some information about the vehicle purchase tax: 1. Calculation formula: The formula for calculating the tax payable is: Tax Payable = Taxable Price × Tax Rate (if the taxable price is lower than the minimum taxable price issued by the State Taxation Administration, the minimum taxable price specified by the State Taxation Administration shall be used). The taxable price is the pre-VAT amount, and the VAT rate is 17%. 2. Payment time: The vehicle purchase tax must be paid within 60 days from the date of purchase. The payment method involves bringing the owner's identity proof, vehicle price proof, and vehicle qualification proof to the local competent tax authority to declare and pay the tax. Many car 4S stores also provide a tax payment service, allowing car owners to drive their vehicles immediately after purchase without worrying about any vehicle registration procedures.