Purchase tax: Purchase tax is a tax that needs to be paid when buying a used car, and the calculation formula is: purchase tax = purchase price (1+17%) purchase tax rate (10%). Among them, the purchase price refers to the transaction of second-hand cars**, and the purchase tax rate is generally 10%.
VAT: For individuals selling used cars, they are generally not subject to VAT. However, for the sale of second-hand cars by enterprises, if the sale ** is higher than the purchase**, it needs to pay VAT, which is calculated as follows: VAT = (sales ** - purchase **) VAT rate.
Individual income tax: The income obtained by the second-hand car of the individual shall be subject to individual income tax according to the item of "income from property transfer". The calculation formula is: personal income tax = (sales**-purchase**-reasonable expenses) 20%. Among them, reasonable expenses include vehicle acquisition tax, vehicle and vessel use tax, vehicle insurance premium, vehicle maintenance fee, etc.
Take a second-hand car with a transaction of 100,000 yuan as an example, suppose it spent 90,000 yuan (including purchase tax and other expenses) at the time of purchase, and now ** to another individual buyer. According to the above formula, the various taxes are calculated as follows:
Purchase Tax: Since the purchase tax has already been paid at the time of purchase, there is no need to pay it again for this transaction.
VAT: Since it is a transaction between individuals, it is not subject to VAT.
Individual income tax: personal income tax = (100,000 yuan - 90,000 yuan) 20% = 020,000 yuan.
Therefore, the personal income tax to be paid for this second-hand car transaction is 020,000 yuan.
Second-hand car transaction taxes mainly include purchase tax, value-added tax, personal income tax, etc. The exact type and amount of taxes varies by region, vehicle type, transaction**, and other factors.
In the second-hand car transaction, the relevant regulations involved mainly include the Law of the People's Republic of China on the Administration of Tax Collection and Collection, the Law of the People's Republic of China on Vehicle Acquisition Tax, etc. These laws and regulations play an important role in regulating the tax administration of the second-hand car trading market and protecting the tax rights and interests of the state. When conducting a second-hand car transaction, both parties to the transaction shall comply with the provisions of relevant laws and regulations and pay taxes in accordance with the law.