Is There a Purchase Tax for Motorcycles?
1 Answers
Motorcycles themselves do not require a purchase tax, but the purchase tax must be paid when registering the motorcycle; failure to pay will prevent registration. Calculation Method for Motorcycle Purchase Tax: The applicable tax rate for motorcycle purchase tax is the same as for cars, calculated at a rate of 10%. The method is to multiply the taxable price by the purchase tax rate of 10%. Purchase tax = (Vehicle price ÷ (1 + 17%)) × purchase tax rate. For imported new vehicles, the taxable price is calculated as: Customs duty-paid price + Customs duty + Consumption tax. New Purchase Tax Law Provisions: The purchase tax for vehicles is levied at a standard rate of 10%. The taxable price is based on the price paid by the buyer to the seller, including all additional fees, excluding VAT. Generally, the invoices for vehicles sold in the market include VAT, so when calculating the purchase tax, 17% VAT must first be deducted.