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 vehicle purchase tax: 1. Regulations: The tax basis for vehicle purchase is the taxable price paid by the owner. The taxable price includes the total price paid 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 when calculating the purchase tax, 17% VAT must first be deducted. 2. Introduction: Vehicle purchase tax is a tax levied on entities 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 "Interim Regulations of the People's Republic of China on Vehicle Purchase Tax." Taxpayers of the vehicle purchase tax include entities and individuals who acquire taxable vehicles (through purchase, import, self-production, gift, award, or other means) for personal use. The taxable scope covers cars, motorcycles, electric vehicles, trailers, and agricultural transport vehicles.