Is purchase tax required for a 125cc motorcycle?
1 Answers
Motorcycles with an engine displacement exceeding 150cc are subject to purchase tax. A 125cc motorcycle does not require purchase tax. Below is a detailed introduction regarding vehicle purchase tax. Calculation formula: Purchase tax = Total vehicle price ÷ (1 + 13%) × 10%. Content: Vehicle purchase tax is a tax levied on entities and individuals purchasing specified vehicles within China. Tax calculation basis: Vehicle purchase tax is calculated using the ad valorem rate method with tax collected outside the price. The price of the taxable vehicle, i.e., the tax calculation price, serves as the basis for vehicle purchase tax.