What is the latest deadline for paying motorcycle purchase tax?
1 Answers
Motorcycle purchase tax deadline is clearly stipulated in the "Vehicle Purchase Tax Collection and Management Measures": taxpayers who purchase taxable vehicles for personal use must declare and pay the tax within 60 days from the date of purchase. Definition of purchase tax: Purchase tax is a tax levied by tax authorities on relevant properties and behaviors within the scope of the purchase tax system. For example, vehicle purchase tax. Vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within China, which evolved from the vehicle purchase surcharge. Calculation of tax rate for personal vehicles: Taxable price = (total payment made to the seller for purchasing the taxable vehicle + additional fees) × 10%, where the taxable price does not include VAT. Calculation of tax rate for imported vehicles: taxable price = (customs duty-paid price + customs duty + consumption tax) × 10%