What is the purchase tax for joint venture vehicles?
3 Answers
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.
The purchase tax for joint-venture cars is generally the same as other vehicles, around 10%. It's calculated by deducting VAT from the invoice price and then multiplying by the tax rate. For example, last year I bought a joint-venture SUV with a base price of 200,000 yuan, and the tax paid on the invoice amount was 18,000 yuan, which felt reasonable. The process was simple, as the 4S dealership handled everything directly. As a side note, new energy joint-venture cars like Tesla's domestic models are now fully exempt from purchase tax, saving much more than fuel-powered cars. After driving a joint-venture car for several years, spending this small amount on taxes for reliability and after-sales service is well worth it. Before buying, it's best to budget for overall costs, including miscellaneous fees like license plate registration. Overall, a 10% tax rate isn't high, but be aware that vehicle price fluctuations can affect the tax amount.
Just got my first joint-venture car. The purchase tax is 10% of the total vehicle price. The salesperson said it's calculated based on the invoice price—after deducting some fees, multiply by 10%. Simple and clear. I bought a car for 170,000 and paid 17,000 in tax. The money was transferred directly, and the process was super fast. Young buyers should note that taxes take up a significant portion of the budget. For new energy joint-venture cars, like Volkswagen’s electric models, the purchase tax is exempt, which is a great deal. Joint-venture cars drive smoothly; although the tax is a fixed cost, the quality and safety are guaranteed. When buying a car, consider the total price after tax, and you can opt for installment payments to ease the financial pressure.
