What is the Tax Basis for Passenger Vehicles?

[NolanFitz]

The tax basis is determined either by mass or by price. Tax basis determined by mass: For commercial vehicles, special operation vehicles, and wheeled special-purpose vehicles, the tax basis is the curb weight per ton. Tax basis determined by price: The taxable price for a taxpayer purchasing a vehicle for personal use refers to the total price and additional fees paid by the taxpayer to the seller for the taxable vehicle, excluding VAT. In other words, the tax basis is calculated by dividing the total amount on the 'Uniform Invoice for Motor Vehicle Sales' by (1+17%), and then multiplying by 10% (5% for passenger vehicles with a displacement of 1.6 liters or less) to determine the vehicle purchase tax payable. According to regulations, buses, commercial passenger vehicles, and motorcycles are taxed per unit.