What is the purchase tax for motorcycles?
1 Answers
The purchase tax for motorcycles is levied at a rate of 10%. Below is relevant information about the vehicle purchase tax: Regulation: The purchase tax is calculated based on the taxable price of the vehicle. The taxable price includes the total amount paid by the owner to the dealer and any additional fees, excluding value-added tax (VAT). Generally, the invoice price of vehicles sold in the market includes VAT, so 17% VAT must be deducted when calculating the purchase tax. Introduction: The vehicle purchase tax is a tax levied on units and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase surcharge. The current basic regulations of the vehicle purchase tax law are implemented from January 1, 2001, under the "Provisional Regulations of the People's Republic of China on Vehicle Purchase Tax." The taxpayers of the vehicle purchase tax are units and individuals who acquire taxable vehicles (including purchase, import, self-production, gift, award, or other means of acquisition for personal use). The taxable scope includes cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles.