What is the purchase tax for a 3.0L displacement vehicle?

[AdamFitz]

The purchase tax for vehicles with a displacement above 3.0L is calculated by multiplying the taxable price of the vehicle by the tax rate (10%). In the People's Republic of China, any entity or individual purchasing automobiles, trams, automobile trailers, or motorcycles with a displacement exceeding 150 milliliters (hereinafter collectively referred to as taxable vehicles) is considered a taxpayer of the vehicle purchase tax and must pay the tax in accordance with the provisions of this law. Below are the relevant regulations: 1. Calculation basis: Generally, the vehicle purchase tax is based on the purchase price shown in valid documents such as the 'Unified Invoice for Motor Vehicle Sales' or 'Customs Duty Special Payment Certificate,' and the taxable price for the vehicle purchase tax should be calculated after deducting the value-added tax. 2. The general calculation formula is: Vehicle Purchase Tax = Purchase Price / (1 + 17%) × Purchase Tax Rate.