Is purchase tax required for a 250cc motorcycle?
1 Answers
250cc motorcycles require payment of vehicle purchase tax for registration. Here is more information about purchase tax: 1. Registration process: Payment of vehicle purchase tax requires submission of the following materials: Original copy of the "Uniform Invoice for Motor Vehicle Sales", original and photocopy of the owner's "Resident ID Card", original and photocopy of the "Motor Vehicle Conformity Certificate", and original copy of the "Motor Vehicle Factory Qualification Certificate". 2. Purchase tax calculation: The taxable price for vehicle purchase tax = invoice price ÷ 1.13, and then the vehicle purchase tax is calculated at a 10% tax rate.