What is the tax rate for motorcycles?
2 Answers
The vehicle purchase tax rate for buying a motorcycle is 10%. The payable amount of vehicle purchase tax is calculated by multiplying the taxable vehicle's assessed price by the tax rate. The supplementary table of consumption tax items and rates stipulates: For cylinder capacity (displacement) below 250 ml (including 250 ml), the rate is 3%; for cylinder capacity above 250 ml, the rate is 10%. According to regulations: The consumption tax for small-displacement motorcycles with cylinder capacity below 250 ml (excluding 250 ml) has been abolished. Motorcycles with cylinder capacity of 250 ml and above (excluding 250 ml) continue to be subject to consumption tax at rates of 3% and 10% respectively.
When I bought my car, I researched motorcycle taxes. Buying a new vehicle mainly involves purchase tax and vehicle and vessel tax. The purchase tax is 10% of the car's price. For example, if you spend 20,000 yuan on a car, you'll need to pay an additional 2,000 yuan to the tax bureau. Vehicle and vessel tax is paid annually and calculated based on engine displacement: for small scooters under 50cc, it's just a few dozen yuan; my 250cc model costs 120 yuan per year, while larger displacements above 600cc might cost three to four hundred yuan. These two are mandatory expenses and must be settled before license plate registration. Also, don't forget to purchase compulsory traffic insurance. The vehicle and vessel tax is usually paid together with insurance through the dealership, saving you a trip to the tax bureau. Remember to keep the tax payment certificate safe, as you'll need it for future vehicle sales and ownership transfers.
