Is Purchase Tax Required for a 150cc Motorcycle?
1 Answers
Currently, 150cc motorcycles are exempt from purchase tax. Relevant information about vehicle purchase tax is as follows: Time: As long as the motorcycle is registered after July 2019, those with an engine displacement of 150cc or below are exempt from purchase tax, whether they are new or used. Introduction: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase tax. Tax Payment Location: For taxable vehicles that require registration, the tax should be declared and paid to the competent national tax authority in the vehicle registration location; for taxable vehicles that do not require registration, the tax should be declared and paid to the competent national tax authority in the taxpayer's location.