How much tax is required for a 20,000-yuan motorcycle?
1 Answers
The purchase tax for motorcycles is 10% of the vehicle price. Below is a detailed introduction to the fees required when purchasing a vehicle: 1. Vehicle Purchase Tax: According to national regulations, any vehicle driven on the road must pay a vehicle purchase tax. Currently, the purchase tax rate is 10% of the vehicle's ex-factory price. The more expensive the vehicle purchased by the consumer, the higher the purchase tax required. 2. Insurance: Vehicle insurance includes compulsory traffic insurance and commercial insurance. Compulsory traffic insurance must be purchased, with a nationally unified premium standard, although the number of seats in the vehicle affects the amount of compulsory insurance. Commercial insurance can be purchased voluntarily, and the price varies depending on the type of coverage chosen. 3. Vehicle and Vessel Tax: The vehicle and vessel tax depends on the engine displacement of the vehicle. Generally, the larger the engine displacement, the higher the vehicle and vessel tax required.