Is the Purchase Tax Paid on the Day of License Plate Registration?
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Purchase tax should be paid before license plate registration. Only after paying the purchase tax can the license plate be registered; otherwise, registration will not be possible. The meaning of purchase tax and the time limit for paying it are introduced as follows: Introduction to Purchase Tax: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China. It evolved from the vehicle purchase surcharge. The current basic regulation of the vehicle purchase tax law is the "Interim Regulations of the People's Republic of China on Vehicle Purchase Tax," which has been implemented since January 1, 2001. Time Limit for Paying Purchase Tax: Vehicle owners must declare the purchase tax within 60 days of purchasing the vehicle. If overdue, a late fee of 0.05% of the purchase tax amount will be charged daily.