The tax base may be either the net-weight capacity of the taxable vessels or the deadweight capacity of the taxable vessels.Ī marine transportation company possesses 10 vessels with a net-weight capacity of 3,000 tons and 10 vessels with a net-weight capacity of 8,000 tons. Tax payable = (50 taxi cars × 300 yuan) + (10 coaches × 200 yuan) = 17,000 yuan Vessels The local annual tax payable per vehicle is set at 300 yuan and 200 yuan, respectively. The tax base may be either the number of taxable vehicles or the net-weight capacity of the taxable vehicles.Ī taxi company possesses 50 taxi cars and 10 coaches. However, the tax base varies for vehicles and vessels, as well as within each category. Tax payable = Tax base × Applicable tax per unit In general, tax payable is calculated using the following formula: Cargo/passenger vehicles: Tax for the passenger-carrying part of the vehicles shall be computed at 50% of the tax per unit for passenger vehicles tax for the cargo-carrying part, at the tax per unit for cargo vehicles.Trailers of tractors used for transportation business: Tax shall be computed at 50% of the tax per unit for motored cargo vehicles.Trailers of motored vehicles: Tax shall be computed at 70% of the tax per unit for motored cargo vehicles.Non-motored vehicles: No tax is levied.Three-wheel motorcycles: 80 yuan per vehicle per year.Two-wheel motorcycles: 60 yuan per vehicle per year.Cargo vehicles: 60 yuan per net tonnage per year.Passenger vehicles with 31 seats or more: 300 yuan per vehicle per year.Passenger vehicles with 11–30 seats: 250 yuan per vehicle per year.
Where non-motored vessels are towed by towboats, tax payable is based on deadweight capacity. Tax payable is computed by treating each unit of horsepower as 0.5 ton of capacity. Small vessels whose capacity is less than 1 ton shall be treated as 1-ton vessels. By the deadweight capacity of the taxable vessels.By the net-weight capacity of the taxable vessels.Where capacity figures need to be rounded off, the following rules apply: By the net-weight capacity of the taxable vehicles.The tax base is calculated in one of two ways. At present, tax is not levied on nonmotored vehicles/vessels in most parts of China. In general, tax is levied on motored vehicles/vessels. What Constitutes a Taxable Vehicle/Vessel The two categories are discussed in greater detail later. The tax base varies for vehicles and vessels.
VEHICLE VESSEL MEANING LICENSE
Individual businesspersons and other individuals.Įnterprises with foreign investment, foreign enterprises, and foreigners shall be liable to Vehicle and Vessel Usage License Plate Tax.Administrative units, non-profit institutions, military units, social organizations, and other units.State-owned enterprises (SOEs), collectively owned enterprises, private enterprises, joint-equity enterprises, and other enterprises.TAXPAYERS General Guidelines Entities Subject to TaxĪny of the following entities that possess or operate taxable vehicles/vessels within the territory of the People's Republic of China, may be subject to tax: In 2003, revenue from VVUT amounted to 16 billion yuan, accounting for only 0.2% of the country's total tax revenue. The revenue collected belongs to the local governments. VVUT is administered and collected by the local tax bureaus. The Provisional Regulations of the People's Republic of China on Vehicle and Vessel Usage Tax currently in force were promulgated by the State Council on September 15, 1986, and came into effect on October 1 of the same year. This tax (called Vehicle and Vessel Usage Tax in full, or VVUT) is levied on specified types of vehicles and vessels.
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