When is the Vehicle Purchase Tax Due?

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Vehicle Purchase Tax must be paid within 60 days from the date of vehicle purchase. Below is relevant information about Vehicle Purchase Tax: 1. Vehicle Purchase Tax: This is a tax levied on entities and individuals purchasing specified vehicles within China, which evolved from the Vehicle Purchase Surcharge. 2. Taxable Amount Calculation: The Vehicle Purchase Tax is calculated based on an ad valorem rate. The calculation formula is: Taxable Amount = Taxable Price × Tax Rate. For imported vehicles for personal use, the taxable price is calculated as: Taxable Price = Customs Duty-paid Price + Customs Duty + Consumption Tax.