What is the purchase tax for joint venture vehicles?

[DelJulian]

Joint venture vehicle purchase tax is calculated by multiplying the taxable price of the vehicle by a tax rate of ten percent. The Vehicle Purchase Tax Law of the People's Republic of China stipulates: Article 14: If tax-exempt or tax-reduced vehicles no longer qualify for exemption or reduction due to reasons such as transfer or change of purpose, the taxpayer shall pay the vehicle purchase tax before completing the vehicle transfer registration or change registration. The Vehicle Purchase Tax Collection and Management Measures stipulate: Article 17: If a vehicle is returned to the manufacturer or dealer and the taxpayer applies for a tax refund, the competent tax authority shall calculate the refund amount by deducting 10% for each full year from the date of tax declaration; if less than one year, the full amount of the tax paid shall be refunded.