Is Vehicle and Vessel Tax Required Annually for Motorcycles?
1 Answers
Motorcycles are required to pay vehicle and vessel tax annually. All motorcycles operating within China must pay the vehicle and vessel tax in accordance with regulations. Tax Law Provisions: Article 9 of the "Vehicle and Vessel Tax Law of the People's Republic of China" states that vehicle and vessel tax shall be declared and paid annually. The specific declaration and payment deadlines are determined by the provincial, autonomous region, or municipal governments. Vehicle and Vessel Tax: Vehicle and vessel tax refers to a property tax levied on vehicles and vessels that are required by law to be registered with public security, transportation, agriculture, fisheries, military, and other administrative departments within China. The tax is calculated based on the type of vehicle or vessel, according to prescribed tax bases and annual tax rates. Since July 1, 2007, vehicle owners have been required to pay vehicle and vessel tax when purchasing compulsory traffic insurance.