What is the tax rate for imported cars?

[VonRachel]

Import car tariffs are 15%. The relevant regulations and calculation formulas for car taxes are as follows: Relevant regulations for car taxes: According to the Ministry of Finance: Starting from July 1, 2018, import tariffs on complete vehicles and auto parts will be reduced. The tariff rates for 135 tariff lines with a 25% rate and 4 tariff lines with a 20% rate for complete vehicles will be lowered to 15%. The tariff rates for 79 tariff lines for auto parts with rates of 8%, 10%, 15%, 20%, and 25% will be reduced to 6%. Calculation method for imported car taxes: Tariff = dutiable value × tariff rate; Consumption tax = (dutiable value + actual tariff) / (1 - consumption tax rate) × consumption tax rate; VAT = (dutiable value + tariff + consumption tax) × VAT rate. The final tax to be paid is the sum of these three taxes, with the formula: Import car tax = basic tariff (15%) + consumption tax (3%-20%) + VAT (13%).