New regulations for second-hand car transfer:

1. Materials required for transfer: For second-hand car transaction transfer, you need to prepare a motor vehicle driving license, a motor vehicle registration certificate, and a motor vehicle license plate ( For deregistered vehicles, provide deregistration renewal certificate), imported vehicle inquiry form (must be provided for imported vehicles), vehicle purchase additional tax certificate, ID cards of the buyer and seller, household register and other documents. If it is a foreign registered vehicle, you also need to bring a temporary residence permit and the buyer's temporary residence permit. It takes a full year.

2. Notes on transfer: The used motor vehicle market implements an operating company agency system when transferring vehicles, and the transfer window does not handle the transfer directly to consumers. If you need to transfer the ownership, you need to drive the car to the market and let the old motor vehicle operating company complete the transfer procedures on its behalf: evaluation, vehicle inspection, and ticketing. In addition, when transferring ownership of a vehicle, the buyer and seller need to sign an "Old Motor Vehicle Sales Contract" supervised by the industrial and commercial department. The contract is made in triplicate, with each buyer and seller holding one copy and the industrial and commercial department retaining one copy. The contract can only be handled after being filed with the industrial and commercial department. Vehicle transfer or registration procedures. After the appraisal report comes out, the transfer procedures begin. The completed transfer certificate shall be kept by the buyer, but it is recommended to keep a copy.

3. New tax policy: Ministry of Finance and State Administration of Taxation Announcement No. 17 of 2020 stipulates that from May 1, 2020 to December 31, 2023, taxpayers engaged in second-hand car dealerships selling their The value-added tax on acquired second-hand cars was changed from the 3% tax rate to a reduced value-added tax of 2% according to the simplified method to a reduced value-added tax of 0.5%. There is indeed a new policy for reducing the mortgage tax rate of 0.5% for used car sales, but there is an applicable scope here. The policy stipulates that taxpayers engaged in second-hand car distribution can only collect value-added tax at a reduced rate of 0.5% according to the simplified method when they sell the second-hand cars they acquire. If the company sells its own used vehicles, which are not second-hand vehicles sold and acquired as stipulated in the Ministry of Finance and State Administration of Taxation Announcement No. 17 of 2020, the 0.5% reduced VAT policy cannot be applied.