What Are the Consequences of Not Paying Vehicle and Vessel Tax?
1 Answers
Not paying the vehicle and vessel tax will result in the following consequences: 1. Late fees and even fines may be imposed. According to the relevant provisions of the "Law of the People's Republic of China on the Administration of Tax Collection": If a taxpayer fails to pay taxes within the prescribed time limit, the tax authority shall, in addition to ordering payment within a specified period, impose a late fee of 0.05% per day from the date the tax payment is overdue. If a taxpayer fails to file a tax return within the prescribed time limit, the tax authority shall order corrections within a specified period and may impose a fine of up to 2,000 yuan; in serious cases, a fine ranging from 2,000 to 10,000 yuan may be imposed. 2. The vehicle cannot pass the annual inspection. Under the 6-year exemption policy, when applying for a free compliance label for eligible vehicles, the vehicle and vessel tax and compulsory traffic insurance documents must be submitted. During the annual vehicle inspection, in addition to the basic quality inspection of the vehicle, the vehicle's violation and tax payment status will also be checked. If unpaid taxes are found, the vehicle will only pass the annual inspection after the taxes are paid. 3. Late fees will accumulate. Late fees will be incurred if the payment is overdue, and these fees are calculated daily. The late fee for vehicle and vessel tax is 0.5‰ of the payable amount per day. 4. Insurance will become invalid. Without paying the vehicle and vessel tax, the annual inspection cannot be passed, and if the annual inspection fails, the insurance will become invalid.
