Taxes and fees are an essential part of automobile transactions that cannot be ignored. Understanding how to calculate automobile taxes and fees and the constituent elements of their formulae is essential for consumers. Then let's go into the relevant knowledge of the calculation of automobile taxes。
Automobile taxes are calculated in many ways, and different types of taxes and charges have different formulas and components. The most common vehicle taxes are those on vehicle acquisition, value added and consumption。
The vehicle acquisition tax is a tax to be paid for the purchase of new vehicles. The formula is: taxable = taxable price x rate. The tax-based price here is a value added tax-free price. If the consumer buys a privately owned domestic car, the taxable price is the full price paid to the distributor and the extra price, excluding vat (13 per cent). For example, the purchase of a domestically produced vehicle with a tax price of 113,000 yuan is initially converted to a tax-free price, i. E. 11. 3 ÷ (1 + 13 per cent) = 100,000 yuan, and the vehicle acquisition tax is 10 x 10 per cent = 10,000 yuan if the vehicle acquisition tax rate is 10 per cent. For imported private cars, the tariff-paying price is calculated as: the tax-paying price = the tariff-exempt price + the customs duty + the excise tax。
Vat is a passing tax on the added value of goods, their circulation, labour services or the added value of goods. The vat calculation formula for automobile sales is: vat taxable = sales value x tax rate. The current vat rate for car sales is generally 13 per cent. Assuming that a car is sold for $200,000, the vat tax is 20 x 13 per cent = 26 million。
The excise tax is a tax that selects a small number of consumer goods on the basis of a general vat on goods. Car excise taxes are levied in relation to vehicle emissions, which increase in volume and increase in tax rates. The formula is: taxable = sales × excise tax rate. The following is an example of the excise tax rates of different types of motor vehicles:
Tax rates on excise between regions
1. 0 litres (inclusive)
1%
1. 0 litres above 1. 5 litres (inclusive)
3%
1. 5 litres above 2. 0 litres (inclusive)
5%
2. 0 litres above 2. 5 litres (inclusive)
9%
2. 5 l above 3. 0 l (inclusive)
12%
3. 0 litres above 4. 0 litres
25%
4. 0 litres and above
40%
For example, the excise tax is 30 x 9 per cent = 27 million yuan for a vehicle with a charge of 2. 5 litres and a sale of 300,000 yuan。
As can be seen from the foregoing, the elements of the car tax formula include, inter alia, tax prices, taxes and sales. When purchasing cars, consumers should be fully aware of the methods and components of calculating these taxes and fees in order to accurately calculate the amount of taxes and fees they are required to pay and to budget for their purchases。
