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Will the Vehicle Purchase Tax Increase?

1 Answers
DelBrianna
09/03/25 2:41am

Starting from January 1, 2018, the vehicle purchase tax rate has been restored to the statutory rate of 10%. There will be no further increases in the future. Below are the characteristics of the vehicle purchase tax: 1. Single taxation scope: As a property tax, the vehicle purchase tax is levied on specific purchased vehicles rather than all properties or consumer properties, making its scope narrow and a type of special property tax. 2. Single taxation stage: The vehicle purchase tax is imposed once, not at every stage of production, operation, and consumption, but only at the specific stage when vehicles exit circulation and enter the consumption field. 3. Single tax rate: The vehicle purchase tax is levied at a uniform proportional rate, which does not vary with the amount of the taxable object, making it simple to calculate and stable in burden.

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