Is Purchase Tax Required for 150cc Displacement Vehicles?

[AlainaAnn]

Yes. The purchase tax is approximately 10% of the vehicle's price. Below is relevant information about the purchase tax: 1. Definition: The taxpayers of vehicle purchase tax are units and individuals who acquire (including purchase, import, self-production, receiving as a gift, winning as a prize, or obtaining through other means for personal use) taxable vehicles. The scope of taxation includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles, with a tax rate of 10%. The calculation formula for the tax payable is: Tax Payable = Taxable Price × Tax Rate. 2. Reissuance Procedure: If the vehicle purchase tax payment certificate is lost, the taxpayer must present the 'Motor Vehicle Driving License' to the original issuing tax authority to apply for a reissue and fill out the 'Application Form for Replacement (Reissue) of Vehicle Purchase Tax Payment Certificate'. For reissuance, if the applicant is an individual, they must apply in person and cannot authorize someone else to do so; if the applicant is a unit, the application form must be stamped, and the handling person must provide their ID card and a copy, and sign the application form.