Is Vehicle and Vessel Tax Mandatory?

[LillianLynn]

Vehicle and vessel tax is not mandatory, but except for cases exempted by law, most vehicles are required to pay it. Below is some information about vehicle and vessel tax: Introduction: Vehicle and vessel tax is a type of property tax levied on vehicles and ships registered with authorities such as public security, transportation, agriculture, fisheries, and military departments in China. The tax is calculated based on the type of vehicle or vessel and the prescribed tax base and annual tax rate. Notes: If the vehicle and vessel tax for the current year has already been paid when purchasing compulsory traffic insurance, it does not need to be paid again. However, if the tax for the current year has not been paid, it must be settled. Insurance companies, as withholding agents, may require payment of individual income tax, and taxpayers cannot refuse.