Original title: new changes in vehicle purchase tax: after July 1, you can apply for a refund of purchase tax if you return a car
On May 24, the Ministry of Finance issued the announcement on specific policies related to vehicle purchase tax (hereinafter referred to as the announcement), which showed that in order to implement the vehicle purchase tax law of the people's Republic of China, nine specific policies related to vehicle purchase tax were issued. Or affected by this news, on May 24, FAW Xiali (000927, SZ), Yaxing bus (600213, SH), FAW sedan (000800, SZ), BAIC Blue Valley (600733, SH) and other auto stocks rose one after another.
The reporter of the daily economic news learned that as early as December 29, 2018, the seventh meeting of the Standing Committee of the 13th National People's Congress passed the "vehicle purchase tax law of the people's Republic of China" (hereinafter referred to as the "purchase tax law"), which stipulates that the tax rate of vehicle purchase tax is 10%, which will be implemented from July 1, 2019.
'compared with the purchase tax law issued at the end of 2018, the purchase tax rate in the announcement has not changed, which is still 10%.' Xu Haidong, Assistant Secretary General of the China Association of automobile manufacturers, told reporters that the announcement only explains some individual situations that may occur in the implementation of the purchase tax law, and the requirements of the legal level are more stringent.
The reporter noted that the announcement further clarified the calculation method for the provisions mentioned in the purchase tax law. For example, according to the purchase tax law, if a taxpayer returns a vehicle that has been taxed to a vehicle manufacturer or sales enterprise, he may apply to the competent tax authority for a refund of the vehicle purchase tax. The amount of tax refund shall be based on the amount of tax paid, and 10% shall be deducted for each full year from the date of tax payment to the date of application for tax refund.
In the announcement issued this time, the calculation formula of the amount of purchase tax refunded is defined, that is, the amount of tax refundable = the amount of tax paid & times（ 1 - service life & times; 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.
For example, if a car owner buys a 270000 yuan car and the purchase tax rate is 10%, plus the value-added tax, the purchase tax amount is about the price of the naked car & divide; 1.13× If the vehicle has been used for two years, but needs to be returned for some reason during use, you can apply to the competent tax authority for a refund of the purchase tax, and the amount of the refund is based on the amount of tax payable = amount of tax paid & times（ 1 - service life & times; 10%), the amount of tax refund for car owners is about 19100 yuan.
The announcement also clarifies the calculation method of the amount of tax payable when the vehicles that have gone through the procedures of tax exemption and reduction are no longer within the scope of tax exemption and reduction due to transfer, change of use and other reasons, that is, the amount of tax payable = the tax price determined at the time of the initial tax declaration（ 1 - service life & times; 10%)× 10% - tax paid.
In addition, the announcement clearly states that Metro, light rail and other urban rail transit vehicles, wheel type special mechanical vehicles such as loaders, graders, excavators and bulldozers, as well as cranes (cranes), forklifts and electric motorcycles are not taxable vehicles.
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 the same kind of taxable vehicles, it shall be determined according to the component taxable price.
Xu Haidong told reporters that the relevant contents of purchase tax have been clearly stipulated in the purchase tax law, and the announcement will not have an impact on the domestic car market.