Is the Vehicle and Vessel Tax Required to Be Paid Annually?

[MacColton]

The Vehicle and Vessel Usage Tax must be paid every year. Late payment may incur a certain amount of late fees, and the tax payment status will be checked during the vehicle's annual inspection. Failure to pay the tax will result in the vehicle not passing the annual inspection. Currently, there are several ways to pay the Vehicle and Vessel Tax: 1. The Vehicle and Vessel Tax is generally paid together with the compulsory traffic insurance. 2. In some provinces, the Vehicle and Vessel Tax can now be paid online. 3. Taxpayers can also declare and pay the Vehicle and Vessel Tax to the local tax authority, with the payment location being the place where the vehicle is registered. However, it is not recommended to pay it separately; it is best to have it collected by the insurance company together with the compulsory traffic insurance.