Can a Vehicle Be Licensed Without Paying the Purchase Tax?
1 Answers
No, you cannot license a new vehicle without paying the purchase tax. More information about the purchase tax is as follows: 1. The Vehicle Purchase Tax is a tax levied on units and individuals who purchase specified vehicles within China. It evolved from the Vehicle Purchase Surcharge and was implemented on January 1, 2001, in accordance with the "People's Republic of China Vehicle Purchase Tax Law." 2. The Vehicle Purchase Tax is calculated based on the ad valorem rate method. The calculation formula is: Tax Payable = Taxable Price × Tax Rate.