What does vehicle and vessel tax mean?

Mondo Cars Updated on 2024-02-01

Vehicle and vessel tax refers to a tax levied on the owner or manager of taxable vehicles and vessels in China. It is a kind of property tax, which is levied on units and individuals who own vehicles and ships.

According to the Vehicle and Vessel Tax Law of the People's Republic of China, the scope of taxation of vehicle and vessel tax refers to the vehicles and vessels that fall within the territory of China as stipulated in the "Vehicle and Vessel Tax Items and Rates Table" attached to the tax law. These vehicles and vessels shall be registered in accordance with the law, and the owner or manager shall pay the vehicle and vessel tax. Taxpayers of vehicle and vessel tax are the owners or managers of vehicles and vessels, and they are required to pay vehicle and vessel tax in accordance with the provisions of the tax law.

The standard of vehicle and vessel tax is determined according to factors such as the type, size, and use of vehicles and vessels. The specific tax standard shall be determined by the people of the provinces, autonomous regions and municipalities directly under the Central Government within the prescribed range, and shall be reported to the financial department for the record. In general, the tax standard for vehicles is much higher than for ships, because vehicles are used more frequently and emit higher emissions than ships.

The payment method of vehicle and vessel tax is to collect and pay it on behalf of the insurance company when taking out compulsory traffic insurance, or the taxpayer shall declare and pay it to the tax authorities on his own. Taxpayers who declare and pay on their own can file online or go to the tax service department of the tax authorities to declare. The declaration period is from January 1 to December 31 of each year, that is, as long as the vehicle and vessel tax of the current year is paid before the end of the year.

In addition to the normal vehicle and vessel tax, there are some special circumstances that require additional vehicle and vessel tax. For example, when adding or replacing a vehicle, it is necessary to pay the new vehicle and vessel tax; At the time of the transfer of the vehicle, a transfer tax needs to be paid; In the event of a theft of a vehicle, it is necessary to pay theft tax, etc.

Vehicle and vessel tax is an important part of China's property tax, and its collection is conducive to promoting the rational use of resources and environmental protection, and can also increase local fiscal revenue. As car owners, we should consciously abide by the provisions of the tax law, pay the vehicle and vessel tax on time, and contribute to the country's tax cause.

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