Gwangju Dong-gu, First Installment of Automobile Tax Mailed

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Dong-gu, Gwangju Metropolitan City (Mayor Im Taek) announced on the 11th that it has imposed 11,058 cases of automobile tax for the first quarter of 2020, totaling 1.4 billion KRW, and simultaneously sent tax payment notices to taxpayers by mail.

The taxpayer is the owner listed on the automobile registration as of June 1, and the tax is for the holding period from January 1 to June 30, 2020. If the vehicle was newly registered or transferred during this period, the tax is imposed only for the period held. Vehicles that paid automobile tax annually in January and March of this year are not taxed.

Payment methods include credit card payment via ARS and ATM, virtual account transfer payment, payment at financial institutions, and internet payment (Wetax, Internet Giro), and payment is possible even without the tax notice.

The payment deadline is until the 30th of this month. If payment is not made within the deadline, additional charges (3% of the imposed tax amount) will be added, and disadvantages such as seizure of the vehicle registration and confiscation of license plates may occur. Therefore, to avoid disadvantages due to automobile tax delinquency, payment must be made within the deadline.

Also, if the second installment of automobile tax, which will be imposed in December, is paid in advance this month, a 10% discount on six months' worth of tax can be received, providing a tax-saving opportunity.

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