What Taxes Are Required When Buying an Imported Car?

[PaisleyAnn]

When purchasing an imported car, you need to pay customs duties, value-added tax (VAT), consumption tax, and purchase tax. Among these, customs duties, VAT, and consumption tax are paid by the dealer, and these costs are included in the car's price. As a consumer, you are responsible for paying the purchase tax. The tax rates for importing cars are as follows: 1. 1% for engines with a displacement below 1.0 liters. 2. 3% for engines with a displacement between 1.0 and 1.5 liters. 3. 5% for engines with a displacement between 1.5 and 2.0 liters. 4. 9% for engines with a displacement between 2.0 and 2.5 liters. 5. 12% for engines with a displacement between 2.5 and 3.0 liters. 6. 25% for engines with a displacement between 3.0 and 4.0 liters. 7. 40% for engines with a displacement above 4.0 liters.