Do vehicles need to pay vehicle and vessel tax every year?

[AlejandroLynn]

Vehicle and vessel tax must be paid annually. Below are the specific details about the vehicle and vessel tax: 1. Definition: Vehicle and vessel tax is a tax levied on the owners or managers of vehicles and vessels (hereinafter referred to as vehicles and vessels), with vehicles and vessels as the characteristic objects. The vehicles and vessels mentioned here refer to those that should be registered with the vehicle and vessel management department according to law. In China, the applicable tax amount is implemented in accordance with the "Vehicle and Vessel Tax Item and Tax Amount Table." 2. Payment time: Vehicle and vessel tax must be paid every year, and a late fee will be charged if the payment is overdue. There is no specific requirement for the payment time each year. 3. Calculation method: Across the country, vehicle and vessel tax is calculated based on engine displacement and vehicle type. The larger the engine displacement, the higher the vehicle and vessel tax.