Can a commercial vehicle be directly transferred to an individual?
1 Answers
A commercial vehicle can be directly transferred to an individual, but the transferee must provide a power of attorney authorizing them as the agent to handle the transfer. Generally, when transferring a commercial vehicle to an individual, in addition to the transfer fee, relevant taxes must be paid, including a 4% halved VAT and additional urban construction tax and education surcharge based on the VAT. Below are the required documents for transferring a commercial vehicle to an individual: Used vehicle sales contract. The selling company must issue an invoice to the buyer at the actual transaction price (a copy is required). The vehicle must be present. Original and photocopy of the buyer's ID card. Original and photocopy of the vehicle's initial purchase invoice or the previous transfer invoice. Original and photocopy of the vehicle's registration certificate. Original and photocopy of the selling company's legal entity code certificate. Original and photocopy of the vehicle's license. After completion, bring the transfer invoice, vehicle photo, license, registration certificate, and buyer's ID card to the DMV to process the vehicle transfer registration (update the license).