How to Declare Taxes for Company Selling Used Cars?

[VanTeagan]

When a company sells a used car, if it belongs to a non-VAT taxpayer selling a used motor vehicle that has been included in fixed assets, the sales amount and tax payable are determined according to the following formulas: 1. Sales Amount = Tax-Inclusive Sales Amount / (1 + 3%) 2. Tax Payable = Sales Amount × 2% Below is an introduction to the required documents for tax declaration: 1. Obtain a valid vehicle appraisal report from a used car appraisal agency to determine the selling price; 2. Bring relevant documents such as a copy of the tax registration certificate, copies of fixed asset accounting records, a copy of the "Motor Vehicle Driving License," etc., to the tax bureau to obtain the "Policy-Based Tax Reduction/Exemption Project Filing Form (Used Motor Vehicle Transaction)" for tax declaration and tax payment.