How much money can you save by importing auto import tariffs?

On the 22nd of this month, with the approval of the State Council, the Customs Tariff Commission of the State Council issued the “Announcement on the Reduction of Import Tariffs on Automobiles and Components”. The announcement stipulates that starting from July 1 this year, the tax rate of China's imported auto vehicle tariff rate of 25% for all 135 tax codes and 4 tax codes with a tax rate of 20% should all be reduced to 15%. The tax deduction effect of this measure not only involves the government's customs revenue, but also involves various other related taxes and fees, and the interest relationship between the government and related distributors and consumers. I try to analyze the following examples briefly for your reference.

For a certain type of imported car with a displacement of 4.5 liters, the CIF is RMB 240,000 (RMB, the same below). There are four taxes involved in the import process, namely, tariffs, consumption tax, value-added tax and vehicle purchase tax. The calculation methods for the above tax payables are as follows:

1, tariffs

According to the regulations of the State Council on Import and Export Tariff Regulations, the above-mentioned tariffs for imported cars shall be levied at the time of importation, and the duty-paid price (ie, cif price, the same below) shall be used as the tax basis. The current applicable tax rate is 25%. The calculation formula and calculation process for the applicable tariff rate are as follows:

On July 1 of this year, the tariffs for imported cars calculated according to the above prices, formula and new tax rate of 15% will be reduced to 36,000 yuan, which is a decrease of 24,000 yuan compared with the current tax payable, a decrease of 40%.

2. Consumption tax

According to the regulations of the Provisional Regulations on Consumption Tax promulgated by the State Council, the consumption tax payable for imported cars shall be levied at the time of importation. The tax based on the consumption tax component shall be used as the basis for tax calculation. If the displacement of exhaust gas does not exceed 1.0 liters, the applicable tax rate shall be 1%. The applicable tax rate is 3% if the displacement exceeds 1.0 liters, and not more than 1.5 litres; the applicable tax rate is 5% if the displacement exceeds 1.5 liters and not exceed 2.0 litres; the displacement exceeds 2.0 liters and does not exceed 2.5 The applicable tax rate is 9%; if the displacement exceeds 2.5 liters, the applicable tax rate is not more than 3.0 liters, the applicable tax rate is 12%; if the displacement exceeds 3.0 liters, the litigation rate is not more than 4.0 liters, the applicable tax rate is 25%; and the displacement exceeds 4.0. If it is increased, the applicable tax rate is 40%. At present, the calculation formula and calculation process for the above-mentioned import tax for imported cars are as follows:

After the reduction of the tariff rate on July 1 this year, the taxable value of the consumption tax component of the imported cars will be reduced to 460,000 yuan [(2.4 million yuan + 36,000 yuan) ÷ (1-40%) = 460,000 yuan]. The consumption tax payable will also be reduced to RMB 184,000 (460,000 yuan × 40% = 18,400 yuan), which is a reduction of RMB 6,000 from the current tax payable, a reduction of 8%.

3. VAT

According to the regulations of the Provisional Regulations on Value Added Taxes issued by the State Council, when import vehicles are levied VAT on the import link, the taxable value of the value-added tax shall be taken as the tax basis, the applicable tax rate shall be 16%, and the current import value of the above-mentioned cars shall be included in the value-added tax. The calculation formula and calculation process are as follows:

After the reduction of the tariff rate on July 1 this year, the taxable value of VAT for imported cars will be reduced to 460,000 yuan (2.4 million yuan, 36,000 yuan, 184,000 yuan, 460,000 yuan). The tax amount will also be reduced to RMB 73,600 (460,000 yuan × 16% = 73,600 yuan), which is a decrease of RMB 64,000 from the current tax payable, a decrease of 8%.

4, vehicle purchase tax

According to the regulations of the Provisional Regulations on Vehicle Purchase Tax issued by the State Council, the vehicle purchase tax payable for automobiles imported for own use shall be levied at the time of importation, and the vehicle purchase tax payable for imported cars sold by importers shall be levied at the time of purchase by the purchaser. The composition of the tax price is based on the tax, and the applicable tax rate is 10%. If the above imported cars are used by the buyer for their own use, the calculation formula and calculation process for the amount of tax payable for the purchase of vehicles shall be as follows:

â–² "The thief car god" | This car is very good, is expensive

According to the above calculations, the total amount of the above-mentioned 4 taxes to be paid for importing the above-mentioned cars is 390,000 yuan (tariff 60,000 yuan + consumption tax 200,000 yuan + value-added tax 800,000 yuan + vehicle purchase tax 50,000 yuan = 390,000 yuan). This is equivalent to 144.4% of the CIF price of the imported cars mentioned above (39,950,000 RMB = 144,4%).

After the reduction of the tariff rate on July 1 this year, the above taxes for imported cars will be reduced to 339,600 yuan (tariff 36,000 yuan + consumption tax 184,000 yuan + VAT 73,600 yuan + vehicle purchase tax 46,000 yuan = 33.96 10,000 yuan, a decrease of 50,400 yuan, or 12.9%, from the current tax payable; the above tax is equivalent to 125.8% of the landed price of imported cars (33.96 ten thousand yuan, 270,000 yuan = 125.8%), compared to the current The level dropped by 18.6 percentage points.

For imported car dealerships, currently importing the above-mentioned cars requires the payment of 3 taxes on customs duties, consumption taxes and value-added tax, totaling 340,000 yuan (tariff 60,000 yuan + consumption tax 200,000 yuan + VAT 80,000 yuan = 340,000 yuan). . After the reduction of the tariff rate on July 1 this year, the above tax will be reduced to 293,600 yuan (tariff 36,000 yuan + consumption tax 184,000 yuan + VAT 73,600 yuan = 293,600 yuan), a reduction of 46,400 yuan over the current tax liability. The decrease was 13.6%.

â–² "Drive" | A good news, the car has to lower prices

It can be expected that if the above dealers can reduce the selling price of imported cars appropriately after the government implements the above-mentioned tax reduction measures on July 1, this year, the buyer can enjoy the benefit of the government's tax reduction, or it can increase the sales by increasing sales. The company's income and reduce the cost of the company.

According to reports, there are already many imported car dealers (including some world-famous large enterprises) that they will take appropriate price cuts by then. Looking further, if the price of imported cars is lowered at that time, the prices of domestic cars and related taxes and fees may also have a certain impact.

Of course, taxes are only one of the factors that affect the price of cars. In the case of government adjustment of taxation, whether auto production and business operators should adjust the price of cars, how much they adjust, and how to adjust them will not only depend on the government's adjustment of tax revenues, but should consider comprehensively the operating costs of the company. Many factors such as tax accounting and marketing strategy are later decided; whether consumers buy cars or how to choose when buying a car will also have their own considerations.