Since 1 January 2012, using energy-saving vehicle or vessel can enjoy half reduction of vehicle and vessel tax by half and using new energy vehicle and vessel can be exempted from the vehicle and vessel tax.
Lee & Lee Associates Comments: Vehicle and vessel tax is managed by index, which is announced by government authority irregularly. The taxpayers shall pay attention to that to avoid tax risk.
Relevant Rule: ‘Notice of the Ministry of Finance, the State Administration of Taxation and Ministry of Industry and Information Technology on Issuing ‘the New Tax Policies for energy saving and new energy using Vehicle and Vessel’’ Cai Shui [2012], No. 19
