What is Vehicle Purchase Tax?

[McJayla]

Vehicle purchase tax is a type of tax levied on units and individuals who purchase specified vehicles within the country. It evolved from the vehicle purchase surcharge. The specific details about vehicle purchase tax are as follows: 1. Characteristics: In addition to the common features of taxes, vehicle purchase tax has its own unique characteristics: single scope of taxation, single taxation link, single tax rate, single collection method, taxation with specific purposes, and external price taxation where the tax burden is not transferred. 2. Functions: Reasonably raising construction funds, standardizing government behavior, adjusting income disparities, cooperating in combating smuggling, and safeguarding national rights and interests.