Do 150cc motorcycles require purchase tax?
1 Answers
For motorcycles with an engine displacement of 150cc or below, no purchase tax is required if registered after July 2019, whether they are new or used vehicles. Relevant information about vehicle purchase tax is as follows: 1. Introduction: Vehicle purchase tax is a tax levied on entities and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase surcharge. 2. Tax payment location: For taxable vehicles that require registration, the tax should be declared and paid to the competent national tax authority in the vehicle registration location; for taxable vehicles that do not require registration, the tax should be declared and paid to the competent national tax authority in the taxpayer's location.