Understanding a New Car Tax

Understanding a New Car Tax

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Understanding a New Car Tax
A car tax is known by many different names around the world.
In Australia, the car tax is called a “rego.”
In Brazil, the car tax is called the Taxa de Licenciamento Veicular (Vehicle Licensing Fee).
In Hong Kong, the new car tax is assessed based on the category of car, and then by the engine size of the car.
In Ireland, the new car tax is based on the Carbon Dioxide emissions of each car, and the annual car tax called a motor tax.
In Japan, the Local Tax Act of 1950 requires a car tax to be paid every May, with private cars taxed more strongly than business cars.
In Mexico, the car tax law is known as the Vehicle Tax. The car tax varies based on the brand, values, and other characteristics of cars up to ten years old.
 In Spain, the car tax is known as the Motor Vehicle Circulation Tax.
In the United Kingdom, the Vehicle Excise Duty is known commonly as a “car tax,” “vehicle tax” or “road test.” Paying this car tax grants the tax payer a vehicle license which must be kept in the car.
In the United States of America, a car tax is paid in the form of registration fees. A new car tax must be paid annually, with the exact cost of the car tax varying from state to state. A car tax may be considered an excise tax or a personal property tax, depending on the state.

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