Just on May 24, according to the news on the website of the Ministry of finance, the Ministry of Finance issued the adjustment policy on vehicle purchase tax! What is the latest policy of vehicle purchase tax in 2019?
Announcement of the Ministry of Finance and the State Administration of Taxation on specific policies related to vehicle purchase tax No. 71, 2019
In order to implement the "tax law of the people's Republic of China on vehicle purchase", we hereby announce the specific policies on vehicle purchase tax as follows:
1、 Metro, light rail and other urban rail transit vehicles, loaders, graders, excavators, bulldozers and other wheeled special mechanical vehicles, as well as cranes (cranes), forklifts, electric motorcycles, are not taxable vehicles.
2、 The total price actually paid by the taxpayer to the seller when purchasing the taxable vehicle for his own use shall be determined according to the price stated in the relevant documents when the taxpayer purchases the taxable vehicle, excluding the value-added tax.
3、 The taxable vehicles imported by taxpayers for their own use refer to the taxable vehicles imported by taxpayers directly from abroad or by entrusted agents for their own use, excluding the imported vehicles purchased in China.
4、 The taxable price of taxable vehicles produced and used by taxpayers shall be determined according to the sales price of similar taxable vehicles (i.e. vehicles with the same vehicle configuration serial number), excluding VAT; if there is no sales price of similar taxable vehicles, it shall be determined according to the component taxable price. The formula for calculating the component tax price is as follows:
Component tax price = Cost & times; (1 + cost profit margin)
For taxable vehicles subject to consumption tax, the consumption tax amount shall be added to the taxable price.
The cost profit rate in the above formula shall be determined by the tax bureaus of all provinces, autonomous regions, municipalities directly under the central government and cities under separate planning of the State Administration of taxation.
5、 Urban public transport enterprises, whose buses and trams purchased by urban public transport enterprises are exempt from vehicle purchase tax, refer to the enterprises recognized by the transportation department of the people's government at or above the county level, which have obtained the urban public transport operation qualification according to law, provide public transport travel services, and are included in the list of urban public transport management departments and urban public transport enterprises; Bus and electric vehicles refer to the vehicles designed and manufactured to transport passengers, which are operated according to the prescribed line and station fares and used for public transport services, including buses, trolleybuses and trams.
6、 The occurrence time of the tax liability of vehicle purchase tax shall be subject to the time indicated on the relevant vehicle certificates obtained by the taxpayer when purchasing taxable vehicles.
7、 If a vehicle that has gone through the procedures of tax exemption or reduction is no longer within the scope of tax exemption or reduction due to transfer or change of purpose, the taxpayer, the time when the tax obligation occurs and the amount of tax payable shall be subject to the following provisions:
（1） In case of transfer, the transferee shall be the vehicle purchase tax payer; in case of no transfer, the vehicle owner shall be the vehicle purchase tax payer.
（2） The time when the tax liability occurs is the date when the vehicle is transferred or the use of the vehicle is changed.
（3） The calculation formula of tax payable is as follows:
Amount of tax payable = tax price determined at the time of initial tax declaration & times; (1 - service life & times; 10%) & times; 10% - tax paid
The amount of tax payable shall not be negative.
The calculation method of service life is from the date when the taxpayer handles the tax declaration for the first time to the date when the situation no longer falls into the scope of tax exemption or reduction. The service life shall be rounded up and those less than one year shall not be included.
8、 If the vehicle that has been taxed is returned to the vehicle production or sales enterprise, and the taxpayer applies for the refund of the vehicle purchase tax, the calculation formula of the tax to be refunded is as follows:
Tax payable = tax paid & times; (1 - service life & times; 10%)
The amount of tax refundable shall not be negative.
The calculation method of service life is from the date when the taxpayer pays the tax to the date when he applies for tax refund.
9、 This announcement shall come into force on July 1, 2019.
Ministry of finance, State Administration of Taxation
May 23, 2019