What Percentage is the Purchase Tax for Joint Venture Vehicles?

[OMadison]

According to the "Provisional Regulations of the People's Republic of China on Vehicle Purchase Tax," the vehicle purchase tax rate is 10%. Generally, the taxable basis is the purchase invoice price (or the minimum taxable price of the vehicle as determined by the State Taxation Administration) after deducting the value-added tax, and the vehicle purchase tax is levied at a rate of 10%. Below is additional information: 1. Joint Venture Vehicles: A joint venture vehicle is a project jointly established by a Chinese party and a foreign investor. The Chinese party contributes by providing land and factory usage rights and capital, while the foreign investor contributes the brand, technology, capital, talent, etc. Joint venture vehicles are the product of such collaborations. The foreign party provides technology, talent, brand, etc., for assembly within the country, but the core technology remains under foreign control. 2. Purchase Tax: Purchase tax is a tax levied by tax authorities on the acquisition of certain goods and properties within the scope of the purchase tax system, such as vehicle purchase tax.