What does vehicle and vessel tax mean?
1 Answers
Vehicle and vessel tax is a type of tax levied on the owners or managers of taxable vehicles and vessels within the territory of the People's Republic of China. It features broad coverage, high liquidity of tax sources, and a majority of individual taxpayers. Vehicle and vessel tax refers to a tax that owners or managers of domestic vehicles and vessels are required to pay according to the Vehicle and Vessel Tax Law of the People's Republic of China. It is a tax levied on the owners or managers of vehicles and vessels (hereinafter referred to as vehicles and vessels) with these as the characteristic objects. The vehicles and vessels mentioned here refer to those that should be registered with the vehicle and vessel management departments in accordance with the law. In China, the applicable tax amount is implemented according to the 'Vehicle and Vessel Tax Item and Amount Table'. Vehicle and vessel tax adopts a fixed tax rate, which means a fixed unit tax amount is stipulated for the taxed vehicles and vessels. The general principle for determining the tax amount is that the tax burden for non-motorized vehicles and vessels is lighter than that for motorized ones; the tax burden for human-powered vehicles is lighter than that for animal-powered ones; and the tax burden for small-tonnage vessels is lighter than that for large vessels. Due to the different operating conditions of vehicles and vessels, the tax amounts for vehicle and vessel tax also vary.
