What Engine Displacement of Motorcycles is Exempt from Purchase Tax?
1 Answers
When purchasing a used car, if the original owner has already paid the purchase tax, the new owner does not need to pay it. If the tax was not previously paid, the new owner must make up the purchase tax portion. The calculation method is: taxable price × 10% (5% for passenger vehicles with an engine displacement of 1.6 liters or below). Below is relevant information about vehicle purchase tax: Overview: Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolved from the vehicle purchase surcharge. Taxation Content: For vehicles on which purchase tax has been paid, if the vehicle needs to be returned to the manufacturer due to quality issues, a tax refund can be processed with the manufacturer's return certificate; the original tax payment certificate must be submitted for the refund; if the original tax payment certificate cannot be submitted, no refund will be granted. For vehicles on which purchase tax has been paid, if the vehicle needs to be replaced by the manufacturer due to quality issues, the purchase tax change procedure can be processed with the manufacturer's replacement certificate and the new vehicle's invoice, and the original tax payment certificate must be submitted; if the original tax payment certificate cannot be submitted, the purchase tax change procedure will not be processed.
