In addition to the cost of a new car, an important cost — the car purchase tax — needs to be taken into account when purchasing a new car. The car purchase tax is a tax levied by the state on vehicle purchases, mainly to support the construction of transport infrastructure. Understanding how to calculate the acquisition tax helps consumers to plan their budgets before purchasing cars。
I. Calculation of the car purchase tax
The formula for calculating the car purchase tax is as follows:
> acquisition tax = no tax price for vehicles x tax rate
Of these, the non-tax price of the vehicle is the price stated in the invoice for the purchase of the vehicle and does not include vat and other additional costs. At present, we have a uniform tax rate of 10 per cent (2023 policy)。
Scope of application of the acquisition tax
Acquisition tax applies to:
- new energy vehicles: some of them have access to acquisition tax exemptions or tax exemptions
- traditional fuel vehicles: payment of acquisition taxes at standard rates
- imported vehicles: the acquisition tax is calculated at the import duty price。
Example of calculation of acquisition tax
The following are examples of the calculation of acquisition tax for several common vehicle types for information:
Type
Car fare (including taxes)
Non-tax price ($)
Tax rate
Amount of acquisition tax ($)
Biaditin plus dm-i
150,000
136,364
10%
13,636
Carola toyota
120,000
109,091
10%
10,909
Bmw 3
300,000
272,727
10%
27,273
Teslamodel 3
250,000
227, 273
10%
22,727
> note: the above data are estimates and are based on purchase invoices。
Acquisition tax preferences
In recent years, the state has introduced a series of acquisition tax exemptions to promote the development of new energy vehicles:
- new energy vehicles: since 2020, eligible new energy vehicles have been exempt from acquisition taxes
- small-scale vehicles: in parts of the country, certain tax benefits are granted to fuel vehicles with a charge of 1. 6 l or less
- second-hand vehicles: used vehicles are normally not subject to acquisition taxes。
Summary
Car purchase taxes are an integral part of the process of purchasing cars, and reasonable calculations can effectively control the cost of purchasing cars. Consumers are advised to consult sales consultants or tax authorities prior to purchasing cars and to identify specific taxes and preferential policies in order to make more rational car purchase decisions。
If you need more information on the amount of the specific purchase tax for a particular car type, you can be provided with a model number and a price。
