Is the Vehicle and Vessel Tax the Same for 1.6L and 2.0L Displacement?
1 Answers
1.6L and 2.0L displacement vehicles have the same purchase tax rate. Below is a partial introduction about the vehicle and vessel tax: 1. Introduction: The vehicle and vessel tax refers to a property tax levied on vehicles and ships registered with public security, transportation, agriculture, fisheries, military, and other management departments in China according to their types, based on the prescribed tax calculation basis and annual tax amount standards. 2. Notes: If the current year's vehicle and vessel tax has already been paid when purchasing compulsory traffic insurance, it does not need to be paid again. However, if the current year's vehicle and vessel tax has not been paid, it must be paid. Insurance companies, as withholding agents, require the payment of individual income tax, and taxpayers cannot refuse.