Is Vehicle and Vessel Tax Mandatory?

[McAlivia]

Vehicle and vessel tax must be paid annually. As long as the taxpayer meets the payment criteria, they are required to pay the vehicle and vessel tax once every year. 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 on a monthly basis starting from the month when the tax liability 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: For stolen or robbed vehicles or vessels that have been recovered after tax refunds were processed, taxpayers shall calculate and pay the vehicle and vessel tax starting from the month when the relevant proof is issued by the public security authorities. For vehicles or vessels that have already paid the vehicle and vessel tax and are transferred within the same tax year, no additional tax is required, nor will any tax be refunded.