Buying a car is not just a simple matter of paying the price, but also requires going through various procedures and paying various taxes and fees. The following is an analysis of the several taxes and fees that need to be paid when purchasing a car:
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Vehicle Purchase Tax
Purchase tax is a tax levied by the tax authorities on behavior and property related to property within the scope of the purchase tax system. Such as vehicle purchase tax, etc. Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles in my country. It evolved from the vehicle purchase surcharge.
Vehicle and vessel tax
Vehicle and vessel tax refers to vehicles and vessels that must be registered with the public security, transportation, agriculture, fishery, military and other administrative departments in accordance with the law in our country. According to their types, A property tax calculated and levied in accordance with prescribed tax calculation basis and annual tax amount standards.
If it is a luxury car exceeding 1.3 million, you need to pay an additional 10% consumption tax
Consumption tax/Excise Duty (Special Goods and Services Tax) is based on the circulation of consumer goods A general term for various taxes that are subject to taxation. It is a tax levied by the government on consumer goods and can be collected from wholesalers or retailers. Consumption tax is a typical indirect tax. Consumption tax is a new tax added to turnover tax in the 1994 tax system reform. Consumption tax is an in-price tax and is only paid in the production, commissioned processing and import stages of taxable consumer goods. In subsequent wholesale, retail and other stages, because the price already includes consumption tax, there is no need to pay consumption tax. The tax is ultimately borne by the consumer. . The taxpayers of consumption tax are units and individuals that produce, entrust processing, retail and import taxable consumer goods in my country as stipulated in the "Interim Regulations of the People's Republic of China on Consumption Tax".
There are only these types of taxes and fees that need to be paid when buying a car. If it is an imported car, there are actually customs duties, consumption taxes, etc. However, these taxes and fees are not collected directly from consumers, but have been added. It’s within the manufacturer’s price