What is the tax rate for imported cars?

[LaMadelyn]

Import vehicle purchase tax rate is 10%. The following is a detailed introduction to car taxes: 1. Consumption tax: For passenger cars, three tax rates are set according to the size of the engine displacement, and it is levied on manufacturers. 2. Value-added tax (VAT): VAT is a turnover tax levied on the basis of the added value generated in the circulation process of goods (including taxable services). The sale of goods or the provision of processing, repair and replacement services, as well as the import of goods and the provision of tangible movable property leasing services, etc., are subject to a 17% tax rate, and car sales fall under this category. 3. Purchase tax: A 10% vehicle purchase tax is levied on the purchase of passenger cars with a displacement of 1.6 liters or less. The new car purchase tax is equal to the new car price (including tax) ÷ 1.17 (VAT rate of 17%) x purchase tax rate. 4. Vehicle and vessel tax: The vehicle and vessel usage tax is a usage tax calculated and levied based on the type (such as motor vehicles, non-motor vehicles, passenger cars, cargo trucks, etc.), tonnage, and prescribed tax amount for vehicles traveling on public roads and vessels navigating domestic rivers, lakes, or seaports.