Jinju City Offers 10% Discount for Annual Car Tax Payment by End of January

Vehicles with annual prepayment last year will receive invoices without separate application

[Asia Economy Yeongnam Reporting Headquarters Reporter Son Tae-seok] Jinju City, Gyeongnam Province, announced on the 7th that it is accepting applications for the annual prepayment of automobile tax, which allows a 10% deduction on the annual automobile tax amount, throughout January.

The automobile tax annual prepayment system is a program that offers deductions when the automobile tax, which is levied twice a year in June and December, is reported and paid early: 10% if paid by the end of January, 7.5% if paid by the end of March, 5% if paid by the end of June, and 2.5% if paid by the end of September.

Taxpayers who are already using the existing annual prepayment system do not need to apply separately if there is no change in their vehicle. Those applying for the annual prepayment for the first time or who have changes in their vehicle should apply at the Jinju City Tax Division, Eup/Myeon offices, or Dong Administrative Welfare Centers.

A Jinju City official stated, "In January last year, about 43,000 cases and approximately 11.5 billion KRW were reported and paid through the automobile tax annual prepayment," adding, "The number of citizens using the annual prepayment system is increasing every year."

This content was produced with the assistance of AI translation services.