Vehicle purchase tax adopts the ad valorem method to calculate the tax payable. The calculation formula is: tax payable = taxable price × tax rate. If the consumer buys a domestically produced private car, the taxable price is the entire price paid to the dealer and extra-price expenses, excluding value-added tax (the tax rate is 17%). Because the purchase price of the special invoice for motor vehicle sales includes VAT, when calculating the vehicle purchase tax, the 17% VAT must be excluded first, that is, the vehicle purchase tax calculation price = the invoice price ÷ 1.17 , and then the vehicle purchase tax is calculated at a rate of 10%.
To calculate the vehicle purchase tax, you must first calculate the face amount on the invoice to the price excluding tax. For example, the invoice price is 425,000 yuan, the tax is 13%, and the purchase price excluding tax is 425,000/( 1+13%)=376106.19 yuan, and then calculate the vehicle purchase tax based on 10%: 376106.19*10%=37610.62 yuan. (This is the tax calculation method for domestically produced cars)
If the consumer buys an imported private car, the taxable price calculation formula is: taxable price = duty-paid price + tariff + consumption tax.
The basic norm of the current vehicle purchase tax law is the "Interim Regulations of the People's Republic of China on Vehicle Purchase Tax" which has been implemented since January 1, 2001. The taxpayers of vehicle purchase tax are units and individuals who purchase (including purchase, import, self-produced, donated, awarded, or otherwise acquired and used for their own use) taxable vehicles. The tax scope is cars, motorcycles, trams, trailers, agricultural vehicles, etc. Transporter.
Vehicle purchase tax and the untaxed price of the vehicle are included in the cost of the vehicle for depreciation and amortization.