Vehicle License Tax Act Article 15

When transferring ownership of the transportation equipment already licensed for use, the transfer of ownership shall be registered with the traffic management authority as stipulated.Following the transfer of ownership of the transportation equipment, if the nature of use changes from originally exempt from tax or subject to a lower tax rate to taxable status or a higher tax rate, the tax amount for the difference shall be calculated on a daily basis and paid by the new owner or user. Conversely, if the transportation equipment, originally taxable or subject to a higher tax rate, changes to exempt status or a lower tax rate, the tax amount for the difference shall be calculated on a daily basis and refunded by the tax authority. Failure to comply with the stipulated procedures for transfer of ownership and failure to pay the required taxes as stipulated shall be considered as a transfer of the license for another use.