Is purchase tax required for a 150cc motorcycle?
1 Answers
Currently, 150cc motorcycles are exempt from purchase tax. As long as the motorcycle is registered after July 2019 and has an engine displacement of 150cc or below, no purchase tax is required, whether it's a new or used motorcycle. Relevant information about vehicle purchase tax is as follows: 1. Introduction: Vehicle purchase tax is a tax levied on units and individuals purchasing specified vehicles within the country, evolving from the vehicle purchase surcharge. 2. Tax payment location: For taxable vehicles requiring registration, the tax should be declared and paid to the competent national tax authority at the vehicle registration location; for taxable vehicles not requiring registration, the tax should be declared and paid to the competent national tax authority at the taxpayer's location.