What is the meaning of vehicle and vessel tax?
2 Answers
Vehicle and vessel tax is a type of 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. Below is relevant information about vehicle and vessel tax: 1. Payment time for vehicle and vessel tax: Currently, vehicle and vessel tax can be paid together with compulsory traffic insurance. Since the purchase time of vehicles varies, the time for paying compulsory liability insurance for vehicles also differs. Therefore, there is no specific time requirement each year, and it is also paid once a year by insurance companies on behalf of the taxpayer, with no specific time regulation. 2. Calculation method for vehicle and vessel tax: Although the price of vehicle and vessel tax varies by region, the calculation method is the same nationwide. Vehicle and vessel tax is calculated based on engine displacement and vehicle type across the country, with higher displacement leading to higher taxes. Vehicle types mainly fall into five categories: passenger vehicles, commercial vehicles, trailers, other vehicles, and motorcycles. Among them, passenger vehicles are categorized based on the total engine cylinder volume (displacement).
As an average car owner, I see the vehicle and vessel tax as an annual fixed fee, akin to a rental charge for vehicle ownership. It applies to various motor vehicles like cars and motorcycles, with the government collecting these funds for road maintenance and infrastructure upgrades. I recall paying around 200 yuan last year for my 1.5L compact car—the tax bureau website lists displacement-based rates: lower for small engines, higher for larger ones. It's not just about paying; it actually supports pothole repairs and safety facility upgrades, making roads smoother and commutes easier. Payment methods are flexible too; I often use payment apps to skip queues. On related notes, EVs may qualify for tax exemptions under government energy-saving policies—a potential cost saver. Ultimately, understanding this tax helps me budget car expenses and avoid penalties for missed renewals.
