Vehicle and vessel tax, also known as vehicle and vessel usage tax, refers to a tax that vehicle and vessel owners or managers within the territory of the People's Republic of China are required to pay in accordance with the Vehicle and Vessel Tax Law of the People's Republic of China. Starting from July 1, 2007, vehicle owners are required to pay this tax when purchasing compulsory traffic insurance. Additional information is as follows: 1. Vehicle and vessel tax adopts a fixed tax rate: The fixed tax rate, also known as a fixed amount tax, is a special form of tax rate. The fixed tax rate is simple to calculate and is suitable for taxes levied based on quantity. The applicable tax amount for vehicle and vessel tax is implemented in accordance with the "Vehicle and Vessel Tax Items and Tax Amount Table" attached to the Vehicle and Vessel Tax Law. 2. The specific applicable tax amount for vehicles: It is determined by the provincial, autonomous region, or municipal government within the tax amount range specified in the "Vehicle and Vessel Tax Items and Tax Amount Table" attached to the Vehicle and Vessel Tax Law and in accordance with the provisions of the State Council. 3. The specific applicable tax amount for vessels: It is determined by the State Council within the tax amount range specified in the "Vehicle and Vessel Tax Items and Tax Amount Table" attached to the Vehicle and Vessel Tax Law.
