What is the tax for Corolla 1.2t?
1 Answers
Corolla 1.2t purchase tax is 7.5%. Concept of vehicle purchase tax: The taxable price for taxpayers purchasing self-use taxable vehicles is the total price actually paid to the seller, excluding VAT. For imported self-use taxable vehicles, the taxable price is the customs duty-paid price plus customs duties and consumption tax. For self-produced self-use taxable vehicles, the taxable price is determined based on the sales price of similar taxable vehicles produced by the taxpayer, excluding VAT. Relevant legal provisions on purchase tax: If tax-exempt or tax-reduced vehicles are no longer eligible for exemption or reduction due to transfer or change of purpose, the taxpayer shall pay the vehicle purchase tax before handling the vehicle transfer or change registration. The taxable price is based on the taxable price determined at the initial tax declaration of the tax-exempt or tax-reduced vehicle, with a 10% deduction for each full year.