What taxes are required for imported cars?

[DiSarah]

Imported cars are subject to customs duties, consumption tax, and value-added tax. The following is an extension of the tax calculation methods: 1. Customs duty: (1) For cars with an engine displacement below 3 liters (excluding 3 liters), the tax rate is 34.2% (2) For those above 3 liters, the rate is 37.6%. Duty payable = declared customs value × duty rate 2. Consumption tax: (1) For engine displacement below 1.0 liters, the rate is 3% (2) For displacement between 1.0 and 2.2 liters and above, the rate is 8%. Consumption tax payable = (declared customs value + customs duty) / (1 - consumption tax rate) × consumption tax rate 3. Value-added tax: The VAT rate is 17%. VAT payable = (declared customs value + customs duty + consumption tax) × 17%