What is the National Automobile Tax Standard?
1 Answers
The minimum levy amount varies for each vehicle model and configuration. The minimum levy amount is reported by the manufacturer to the State Taxation Administration, which then formulates it with reference to similar vehicle models. Introduction to Vehicle Purchase Tax: Automobile purchase tax refers to the tax payable when purchasing a car. The purchase tax amount is 10% of the vehicle's selling price (excluding tax). The taxpayers of vehicle purchase tax are units and individuals purchasing taxable vehicles, with a tax rate of 10%. In addition to cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles are also subject to vehicle purchase tax. Functions of Vehicle Purchase Tax: By levying vehicle purchase tax, the state participates in the redistribution of national income, better converting a portion of consumption funds into fiscal funds to raise more capital for the state, meeting the needs of state functions. A socialist market economy requires a sound macroeconomic regulation system to ensure rapid, coordinated development and healthy operation. The principle of fairness involves protecting legal income, banning illegal income, rectifying unreasonable income, and regulating excessive income. It also aids in combating smuggling and safeguarding national interests.
