What Taxes Are There on Imported Cars?
1 Answers
Imported cars are subject to the following taxes: customs duty, value-added tax, and consumption tax. Below are the relevant details: 1. Tax rate = basic customs duty (25%) + consumption tax (10%-40%) + value-added tax (17%) + others (mainly depends on displacement), totaling approximately 120%. The customs duty mainly depends on the displacement of the imported car; different displacements and brands result in different customs duties. 2. Vehicle displacement and consumption tax: 1% for displacements up to 1.0L (inclusive); 3% for displacements above 1.0L up to 1.5L (inclusive); 5% for displacements above 1.5L up to 2.0L (inclusive); 9% for displacements above 2.0L up to 2.5L (inclusive); 12% for displacements above 2.5L up to 3.0L (inclusive); 25% for displacements above 3.0L up to 4.0L (inclusive); 40% for displacements above 4.0L.