Are 150cc Motorcycles Exempt from Purchase Tax?

[CooperAnn]

Consumers purchasing motorcycles with an engine displacement of ≤150cc are no longer required to pay the 10% vehicle purchase tax. The "Purchase Tax Law" clearly stipulates that motorcycles with an engine displacement of ≤150cc are exempt from purchase tax, meaning consumers buying such motorcycles do not need to pay the 10% vehicle purchase tax, thereby reducing the financial burden on ordinary consumers. Below is some extended information about the purchase tax: 1. What is purchase tax: Purchase tax is a tax levied by tax authorities on the acquisition of specified goods and properties within the scope of the purchase tax system, such as vehicle purchase tax. Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China, and it evolved from the vehicle purchase surcharge. 2. Scope of purchase tax: Purchases of motorcycles and electric motorcycles with an engine displacement of 150cc or below, as well as wheeled special-purpose machinery vehicles such as loaders, graders, excavators, and bulldozers, and special equipment like cranes and forklifts, no longer require tax declaration.