Do small cars have to pay taxes every year?

[DiJace]

Vehicle and vessel tax must be paid annually, with the tax payment period from January 1 to December 31 each year. Late payments will incur penalties. Currently, vehicle and vessel tax can be paid when purchasing compulsory traffic insurance, eliminating the need to visit tax authorities. Regulations on vehicle and vessel tax payment: According to Article 19 of the "Implementation Regulations of the Vehicle and Vessel Tax Law of the People's Republic of China": For newly purchased vehicles or vessels, the taxable amount for the year of purchase shall be calculated monthly from the month when the tax obligation arises. The taxable amount is the annual taxable amount divided by 12 and then multiplied by the number of taxable months. Notes on tax payment: If a stolen or robbed vehicle or vessel that has been granted a tax refund is recovered, the taxpayer shall calculate and pay the vehicle and vessel tax from the month when the relevant certificate is issued by the public security authority. If a vehicle or vessel on which tax has been paid is transferred within the same tax year, no additional tax is required, nor is a refund granted.