What displacement of motorcycles is exempt from purchase tax?
1 Answers
Motorcycles with a displacement below 150cc are exempt from purchase tax. Motorcycle displacement: Motorcycle displacement is relatively small and is usually measured in cubic centimeters. As an indirect reflection of the engine displacement level, the model is represented by the integer closest to the actual displacement of the vehicle's engine. Motorcycle displacement is categorized as follows: ultra-light displacement below 100cc (50-90cc), light displacement (small displacement) 100-150cc, medium-small displacement 200-400cc, large displacement 500-900cc, and super-large displacement (liter-class) above 1000cc. Purchase tax introduction: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, derived from vehicle evolution. The purchase tax amount is calculated based on the vehicle's selling price, with the taxpayers being the units and individuals purchasing the taxable vehicles, and the tax rate is 10%.