10% Tax Credit Benefit for Paying One Year of Car Tax in Advance

Pay Vehicle Tax in Advance from 16 to 31
Available via Internet, Smartphone, Phone, or Visit

[Asia Economy Reporter Hyunju Lee] If you pay your annual automobile tax in advance, you can receive a 10% tax credit benefit.

The Seoul Metropolitan Government announced on the 13th that according to the Local Tax Act, if you report and pay the automobile tax due between the 16th and 31st of this month in a lump sum, you can receive a tax credit.

For taxpayers who prepaid their automobile tax in January last year, there is no need to go through a separate reporting procedure in January this year. In this case, the district office will send a payment slip with a 10% discount, so you only need to verify and pay it.

If you scrap or transfer your vehicle after paying the annual automobile tax in advance, you can receive a tax refund for the remaining period excluding the days of use without a separate application.

Automobile tax can be paid via the internet, smartphone, phone, or in person.

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