Must the vehicle purchase tax be paid on the day of picking up the car?
1 Answers
Vehicle purchase tax must be paid within 60 days from the date of purchase. The tax can be paid on the day of picking up the car or at a later date. The payment method involves bringing the owner's identity proof, vehicle price proof, and vehicle qualification certificate to the local competent tax authority for tax declaration. As a property tax, the vehicle purchase tax is levied on specific purchased vehicles rather than all properties or consumer properties, making it a narrow-range special property tax. The calculation method for the tax is as follows: the tax payable equals the taxable price multiplied by the tax rate. The taxable price is the price excluding tax, and the tax rate is 10%.