Imported cars must pay three taxes to China Customs: MFN tariff of 25, VAT of 17, and consumption tax of 1-40. The displacement consumption tax is based on the displacement of each vehicle: the displacement is 1.0 liters. 1 for the following (including 1.0 liters) 1
The displacement is between 1.0 liters and above and 1.5 liters (including 1.5 liters) 3
The displacement is above 1.5 liters and 2.0 liters (inclusive) 5
Displacement volume is above 2.0 liters to 2.5 liters (including 2.5 liters) 9
Displacement volume is above 2.5 liters to 3.0 liters (including 3.0 liters) Liter) 12
Displacement volume above 3.0 liters to 25 4.0 liters (including 4.0 liters)
Displacement volume above 4.0 liters 40.
The specific tax calculation formula is as follows:
Tariff = Duty-paid price × Tariff rate
Consumption tax = (Duty-paid price and tariff)/(1-Consumption tax rate)× Consumption tax rate
VAT = (Duty-paid price, customs duty and consumption tax) , customs clearance fees, transportation fees, insurance fees, bank fees, registration purchase tax, dealer fees, etc.
For example, the price of the 2018 Mercedes-Benz S-Class 450 in Haikou is RMB 1.23 million per vehicle. If purchased directly, it will be imported by itself. Can save more than 100,000 yuan:
The invoice price for purchasing a car from overseas in Dubai is US$69,000, and the logistics freight for parallel import to Haikou Port on February 3 is US$1,200.
The duty-paid price of the import declaration must be added to the insurance policy premium. If there is no premium certificate, the premium will be calculated based on the CIF CIF price plus 110 at a rate of 0.35. The duty-paid price = CIFx the third month of the previous month Wednesday's foreign exchange central parity rate
=[(69000 1200)/(1-110*0.0035)]*6.4335
=￥453377.20
Tariff? ￥113344.30 =￥453377.2 ×0.25
Consumption tax￥377814.34 =[(453377.20 113344.30)/(1-0.4)]×0.4
Value-added tax￥160571.09 =(453377.20 113344.30 377814. 34)×0.17
Only the above three items of customs payment documents total taxes and fees of ￥651,729.73. Compared with the CIF price, the import comprehensive tax rate of imported cars with a large displacement of 4.0 and above is as high as 143.75. The total after-duty-paid price and taxes is about ￥1,105,107.00. .
Of course, if the comprehensive import tax rate for cars with an engine displacement of less than 1.0 is reduced to 62.5
Parallel import of cars means that traders purchase and introduce them from overseas markets without authorization from the brand manufacturer. Cars for sale in the Chinese market. The price of large-displacement cars can be half the price of imported cars in 4S stores.
Since the pilot launch of parallel import of automobiles in October 2014, 9 provinces and cities including Shanghai, Shenzhen, Guangdong, Fujian, Tianjin, Xinjiang, Sichuan, Ningbo and Dalian have been included in the pilot program; February 2018 On the 1st, the Ministry of Commerce announced that eight more provinces and cities would be added. They are Manzhouli Port in Inner Mongolia, Zhangjiagang Bonded Port Area in Jiangsu, Zhengzhou Railway Port in Henan, Chenglingji Port in Yueyang, Hunan, Qinzhou Bonded Port in Guangxi, Haikou Port in Hainan, Chongqing Railway Port, and Qingdao Qianwan Bonded Port. This time, a total of 17 provinces and cities will be included in the pilot program for parallel imported cars.
Imported cars need to be compatible with my country’s vehicle identification code. But at present, for many brand models, only American and Middle Eastern specifications can be recognized in our country, and the codes of most cars supplied to the European market are incompatible.
China's VIN code (Vehicle Identification Number) has its own system, and more than 200 million registered vehicles are using this system, including the production of new cars. China's VIN code system cannot be adjusted for the sake of parallel imported cars.