On the 30th, I learned from the website of the Ministry of Finance that starting from December 1st, the consumption tax will be imposed on the retail chain of ultra-luxury cars at a tax rate of 10%.
“Ultra-luxury car†refers to passenger cars and medium- and light-duty commercial buses with a retail price of 1.3 million yuan (excluding VAT) and above. New energy vehicle Tesla is estimated to have to raise prices again.
The notice pointed out that for the ultra-luxury car that had signed the automobile sales contract before November 30 (including) but did not deliver the physical goods, the taxpayer held the signed car within 5 working days from December 1 (inclusive). The sales contract shall be filed with the competent tax authority. For the retail tax that is not levied on the record, and not filed and not filed within the prescribed time limit, the retail link consumption tax shall be levied.
The full text of the notice is as follows:
Notice on matters relating to the consumption tax on ultra-luxury cars
Finance and Taxation [2016] No. 129
The finance bureaus (bureaus) of the provinces, autonomous regions, municipalities directly under the central government, cities with separate plans, the State Administration of Taxation, and the Finance Bureau of the Xinjiang Production and Construction Corps:
In order to guide rational consumption and promote energy conservation and emission reduction, the State Council approved the consumption tax on ultra-luxury cars. The relevant matters are hereby notified as follows:
1. Under the “Car†tax item, a sub-tax title of “Super Luxury Car†will be added. The scope of collection is for passenger cars and medium- and light-duty commercial buses with a retail price of 1.3 million yuan (excluding VAT) and above, that is, ultra-luxury cars in passenger cars and medium- and light-duty commercial passenger cars. For ultra-luxury cars, on the basis of the current tax rate on the production (import) link, the consumption tax is imposed on the retail chain at a rate of 10%.
Second, the units and individuals that sell ultra-luxury cars to consumers are taxpayers in the ultra-luxury car retail segment.
Third, the calculation formula for the taxable amount of consumption tax in the retail segment of ultra-luxury cars:
Tax payable = retail sales (excluding VAT, the same below) & TImes; retail tax rate
The ultra-luxury cars that domestic auto manufacturers directly sell to consumers, the consumption tax rate is calculated according to the total rate of production and the tax rate of retail links. The calculation formula for the taxable amount of consumption tax:
Tax payable = sales & TImes; (production tax rate + retail link tax rate)
4. The above regulations shall be implemented as of December 1, 2016. For the ultra-luxury car that has signed a car sales contract before November 30 (including) but has not delivered the physical goods, the taxpayer holds the signed automobile sales contract within 5 working days from December 1 (inclusive). File with the competent tax authority. For the retail tax that is not levied on the record, and not filed and not filed within the prescribed time limit, the retail link consumption tax shall be levied.
Ministry of Finance, State Administration of Taxation
November 30, 2016
Attachment: Adjusted car tax rate table
Direct Welded Plastic Shell Integrator
Direct Welded Plastic Shell Integrator,Micro Module Integrator,Potting Module Integrator,Direct Welded Modular Integrator
Zibo Tongyue Electronics Co., Ltd , https://www.tongyueelectron.com