Meet the conditions for the halving policy

1. Car purchase date: June 1, 2022 to December 31, 2022

2. Vehicle price : The price of a bicycle (excluding value-added tax) does not exceed 300,000 yuan

3. Passenger cars with a displacement of 2.0 liters and below

4. Passenger cars with no more than 9 seats

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.

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" that has been implemented since January 1, 2001. The taxpayers of the 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. For transport vehicles, the tax rate is 10%. The formula for calculating the tax payable is: tax payable = taxable price × tax rate.

Calculation of self-use vehicle tax rate: taxable price = (full price paid to the seller for the purchase of a taxable vehicle + extra-price expenses) × 10%, where the taxable price does not include value-added tax

Calculation of tax rate for imported cars: taxable price = (duty paid price + tariff + consumption tax) × 10%

From October 1, 2015, small-displacement passenger cars of 1.6 liters and below The policy of halving the acquisition tax was officially implemented. Affected by the New Deal, sales of small-displacement vehicles were booming in many auto markets during the Golden Week. Based on the calculation of a family car worth 100,000 yuan, the policy of halving the purchase tax can directly save car buyers more than 4,000 yuan. The real discount has boosted the sales of small-displacement cars. Starting from January 1, 2018, the policy of halving the purchase tax for small-displacement passenger cars with 1.6 liters and below has officially ended and returned to 10%.

In foreign countries, taxation on automobiles is divided into three links: purchase link, retention link and use link. Taxes levied on car purchase account for a small share of the total tax revenue, while taxes levied on vehicle use account for a high proportion, about 60%.

In the car purchase process, developed countries usually adopt a light tax policy, that is, the tax amount is very low. The vehicle purchase tax in the United States is a local tax, and states charge different rates. The most common states only have about 6%. In the car purchase process, Europe only levies value-added tax, and the tax rates vary from country to country. Italy and France are around 20%.

After purchasing a car, you need to pay fuel tax and other taxes during the use period, and fuel tax is the most important automobile tax in developed countries. The fuel tax rate in EU countries is generally above 200%, while Japan's fuel tax rate is about 120%.

United States: Encourage hybrid vehicles

Economy cars sold in the US market account for about 60% of total sales. Although the United States does not have a tax policy targeting emissions, the United States encourages the consumption of diesel and hybrid vehicles. For example, the federal tax office provides tax deductions of up to $3,500 to hybrid vehicle users, in addition to state government tax incentives, to offset part of the increased costs of using hybrid vehicles.

Japan: Low purchase tax on small cars

In Japan, the cost of car purchase is divided into consumption tax and purchase tax, which are 5% and 3%~5% respectively. Ordinary cars have to pay 5% purchase tax, while mini cars only need to pay 3%. Family cars are divided into two types: light automatic cars with a displacement of less than 1 liter and ordinary automatic cars with a displacement of more than 1 liter. Correspondingly, the purchase tax on small cars is only about half that of large cars. The vehicle driving tax, weight tax and ownership tax included in the car maintenance fee also have corresponding discounts.

South Korea: There are many tax-free items for mini-cars

The Korean government has preferential policies for small-displacement cars from purchase to use and maintenance. For example, in terms of special consumption tax on automobiles, cars with a displacement of 2.0L or more must pay 10% of the total vehicle price, cars with a displacement of 0.8L to 2.0L must pay 5%, and mini cars with a displacement of less than 0.8L are exempt; in terms of vehicle registration tax, etc. , mini cars are also all tax-free. In addition, mini-cars can also be exempted from paying driver's license tax and enjoy discounts such as halving tolls.

Laws and Regulations

"Vehicle Purchase Tax Law of the People's Republic of China"

Article 3 Vehicle purchase tax shall be collected in one go. Vehicle purchase tax will no longer be levied on the purchase of a vehicle that has been levied with vehicle purchase tax.

Article 4 The vehicle purchase tax rate is 10%.

Article 5: The amount of vehicle purchase tax payable shall be calculated based on the taxable price of the taxable vehicle multiplied by the tax rate.

Article 6 The taxable price of taxable vehicles shall be determined in accordance with the following provisions:

(1) The taxable price of taxable vehicles purchased by taxpayers for their own use shall be the taxable price actually paid by the taxpayer The total price to the seller does not include value-added tax;

(2) The taxable price of taxable vehicles imported by taxpayers for their own use is the duty-paid price plus customs duties and consumption tax;

(3) The taxable price of taxable vehicles produced and used by the taxpayer shall be determined based on the sales price of similar taxable vehicles produced by the taxpayer, excluding value-added tax;

(4) The taxable price of a taxable vehicle for self-use obtained by a taxpayer as a gift, award or other means shall be determined based on the price stated in the relevant voucher when purchasing the taxable vehicle, excluding value-added tax.

Article 7 If the taxable vehicle price declared by a taxpayer is obviously low and there is no justifiable reason, the tax authority shall verify it in accordance with the provisions of the "Tax Collection and Management Law of the People's Republic of China" its tax payable.

Article 8: If a taxpayer settles the price of a taxable vehicle in foreign currency, the tax shall be calculated and paid based on the central parity of the RMB exchange rate on the date of declaration of tax, converted into RMB.