There are 5 types of taxes and fees that apply to lease a personal vehicle to a company:
1.Sales Tax & Surcharge:According to the relevant national tax regulations, individuals who lease their own vehicles to enterprises should pay business tax and additional tax at 2%-5% of the rent. The specific tax rate is determined by the local tax authority.
2.Corporate Income Tax:According to the Enterprise Income Tax Law of the People's Republic of China, an enterprise can enjoy the preferential policy of exempting or halving the enterprise income tax when the ratio of debt investment and equity investment received from its related parties meets certain conditions. The income from renting a vehicle to a company by an individual is the business income of the enterprise, so it needs to be calculated and paid corporate income tax according to a certain percentage. The specific corporate income tax rate varies depending on factors such as the company's profitability and operating conditions.
3.Vehicle and Vessel Tax:As a type of movable property, a vehicle is also subject to vehicle and vessel tax if there is a change in ownership that occurs during the lease period. The calculation method of vehicle and vessel tax is: vehicle and vessel tax = vehicle price annual depreciation rate number of years of use 60 months.
4.Other taxes:In addition to the above-mentioned taxes, if the vehicle is used in the company's business operations, there are other taxes that may be involved, such as VAT, stamp duty, etc.
5.Tax Returns:After leasing a personal vehicle to a company, it is necessary to file a tax return with the competent tax authority in a timely manner. Relevant lease contracts, invoices and other materials should be provided when declaring, as well as relevant information of the leased vehicle. At the same time, the income of an individual from renting a vehicle should also be included in the individual's comprehensive income for tax declaration.
To sum up, leasing a personal vehicle to a company needs to pay business tax and additional tax, corporate income tax, vehicle and vessel tax and other taxes that may be involved. When making a tax return, it is necessary to provide relevant information and operate in accordance with the specific requirements of the tax department.