Is Vehicle and Vessel Tax Paid Annually for Cars?

[GeorgeLee]

Vehicle and vessel tax must be paid annually for cars. Below are the specific details about vehicle and vessel tax: Definition of Vehicle and Vessel Tax: Vehicle and vessel tax is a type of tax levied on the owners or managers of vehicles and vessels (hereinafter referred to as "vehicle and vessel"), with vehicles and vessels as the taxable objects. The term "vehicle and vessel" here refers to those that are required by law to be registered with the vehicle and vessel administration departments. In China, the applicable tax rates are implemented in accordance with the "Vehicle and Vessel Tax Item and Tax Rate Table." Payment Deadline: Vehicle and vessel tax must be paid every year, and late payment will incur a late fee. There is no specific deadline for payment each year. Calculation Method: Across China, vehicle and vessel tax is calculated based on engine displacement and vehicle type. The higher the engine displacement, the higher the vehicle and vessel tax.