What is the purchase tax for an 80,000 yuan car?
4 Answers
The purchase tax for a car priced at 80,000 yuan, calculated using the formula, is 6,837 yuan. The vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase surcharge. Additional information: Relevant laws and regulations "The People's Republic of China Vehicle Purchase Tax Law" Article 6: The taxable price of taxable vehicles shall be determined according to the following provisions: 1. For taxpayers purchasing taxable vehicles for personal use, the taxable price is the total amount actually paid by the taxpayer to the seller, excluding value-added tax; 2. For taxpayers importing taxable vehicles for personal use, the taxable price is the customs duty-paid price plus customs duties and consumption tax; 3. For taxpayers producing taxable vehicles for personal use, the taxable price is determined based on the selling price of similar taxable vehicles produced by the taxpayer, excluding value-added tax; 4. For taxpayers obtaining taxable vehicles for personal use through donation, award, or other means, the taxable price is determined based on the price stated in the relevant documents at the time of purchase, excluding value-added tax.
I usually enjoy researching car purchase details, and there are nuances in calculating the purchase tax for an 80,000-yuan car. The 80,000-yuan car price includes 13% VAT, so you first need to deduct the tax to get the tax-exclusive price: 80,000 divided by 1.13 is approximately 70,796 yuan. Then, the purchase tax is 10% of the tax-exclusive price, which amounts to about 7,080 yuan after multiplying by 0.1. Some people mistakenly think it’s calculated by directly multiplying 80,000 by 10%, resulting in 8,000 yuan—that’s incorrect, with a difference of nearly 1,000 yuan. The total cost, including the car price, purchase tax, and insurance, is around 87,000 yuan. When buying a car, make sure to ask the dealer for the official invoice figures to ensure accuracy. Nationally, the tax rate is uniform with no discounts, so don’t forget to include this in your budget plan.
As a cost-conscious car owner, I realized when purchasing a car that besides the 80,000 yuan vehicle price, the purchase tax is also a significant expense. The tax is calculated based on the price excluding VAT, approximately 10% of 70,796 yuan, resulting in 7,080 yuan. Adding compulsory insurance of about 950 yuan and commercial insurance of several thousand, the total cost easily exceeds 87,000 yuan. I recommend setting aside this tax amount in your budget beforehand, otherwise, you might face a substantial funding gap. Installment payments can ease the pressure, but don't overlook the interest. Taxes for eco-friendly models may vary, but traditional cars follow this standard. Making a checklist in advance makes car buying smarter.
I pay close attention to automotive policies. For an 80,000-yuan car, the purchase tax in China is a unified 10% rate, calculated based on the ex-factory price. VAT is included in the selling price, so the ex-factory price of 80,000 divided by 1.13 is approximately 70,796 yuan, with the tax amounting to about 7,080 yuan after multiplying by 0.1. The purpose is to support taxation and environmental protection, applicable to small-displacement vehicles. New energy vehicles are exempt, but gasoline cars in this price range must pay. Remember, the numbers on the invoice are the most accurate—don't rely on estimates.
