Why is Purchase Tax Required When Buying a Car?
1 Answers
Because the government imposes taxes. Below is expanded information on various types of taxes: Vehicle Purchase Tax: Purchase tax is a tax levied by tax authorities on the purchase of specified properties and behaviors within the scope of the tax system, such as the vehicle purchase tax. The vehicle purchase tax is a tax imposed on entities and individuals who purchase specified vehicles within the country, evolving from the vehicle purchase surcharge. Vehicle and Vessel Tax: Vehicle and vessel tax refers to a property tax calculated and levied based on the type of vehicles and vessels that are legally required to be registered with public security, transportation, agriculture, fisheries, military, and other administrative departments, according to specified tax bases and annual tax standards. Consumption Tax: Consumption tax is a general term for various taxes imposed on the turnover of consumer goods. It is a tax levied by the government on consumer goods, which can be collected from wholesalers or retailers. Consumption tax is a typical indirect tax.