What is the import tax rate for cars in China?
1 Answers
China's import duty on complete vehicles is 15%. For an imported car in China, taxes are levied at three stages: 1. Import stage: The importer pays import duty, consumption tax, and value-added tax to customs. 2. Retail stage: The dealer pays value-added tax to the national tax bureau. 3. Registration stage: The consumer pays vehicle purchase tax to the national tax bureau. The final price for domestic consumers = foreign selling price + shipping cost + insurance + import duty + consumption tax + value-added tax + domestic dealer profit and shipping costs, etc. Only the foreign selling price + shipping cost + insurance are affected, with the adjusted import duty = (foreign selling price + shipping cost + insurance) * import duty rate of 15%.