What does vehicle transaction price mean?

[VonVincent]

Vehicle transaction price refers to the final negotiated price agreed upon by both parties in a car deal. Below is a detailed explanation of vehicle transaction price: 1. Inclusion: It covers the ex-factory price, insurance fees, purchase tax, etc. 2. Taxation: For taxpayers purchasing taxable vehicles for personal use, tax declaration must be made within 60 days from the purchase date. For imported taxable vehicles for personal use, tax declaration must be made within 60 days from the import date. For self-produced, gifted, awarded, or otherwise acquired taxable vehicles for personal use, tax declaration must be made within 60 days from the acquisition date. The vehicle purchase tax must be paid in full at one time.