Is Vehicle and Vessel Tax Payable Every Year?

[GiannaMarie]

Vehicle and vessel tax must be paid annually. Below is relevant information about the vehicle and vessel tax: 1. Definition: A tax levied on the owners or managers of vehicles and vessels (hereinafter referred to as vehicles and vessels) with vehicles and vessels as the characteristic objects. The vehicles and vessels mentioned here refer to those that should be registered with the vehicle and vessel management department according to law. 2. Scope of taxation: Motor vehicles and vessels that should be registered with the vehicle and vessel management department according to law; motor vehicles and vessels that do not need to be registered with the vehicle and vessel management department according to law and are driven or operated within the premises of a unit. 3. Tax-exempt objects: New energy vehicles include pure electric vehicles, fuel cell vehicles, and hybrid vehicles. Pure electric vehicles and fuel cell vehicles are not subject to vehicle and vessel tax, while other hybrid vehicles are taxed at half the applicable tax rate for similar vehicles.