Daegu City Imposes 85.5 Billion KRW in Automobile Tax on 790,000 Vehicles for the First Term

On June 3rd, when the daytime high temperature in Daegu rose to 30 degrees Celsius, showing early summer weather, the artificial waterfall near Ayanggyo Bridge in Dong-gu, Daegu, is cooling the heat of the city center.
[Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Daegu City announced on the 15th that it has imposed and notified 85.5 billion KRW in automobile tax for the first term of 2020 on approximately 790,000 registered vehicles within the jurisdiction.

The taxpayers liable for this automobile tax are the vehicle owners registered as of June 1. The payment period is until June 30. A 3% surcharge will be applied if the payment deadline is missed.

By vehicle type, passenger cars account for 80.6 billion KRW, representing 94.3% of the total automobile tax. By district, Dalseo-gu has the highest amount at 20.7 billion KRW, and Nam-gu has the lowest at 4 billion KRW. This is a decrease of 700 million KRW compared to last year's imposed amount of 86.2 billion KRW, mainly due to an increase of 4.5 billion KRW in the annual prepayment of automobile tax paid in advance over the year.

Automobile tax is imposed in two installments in June and December for the annual amount. However, vehicles with an annual tax amount of 100,000 KRW or less are charged the full amount in June.

Kwon Oh-jung, Daegu City Taxation Officer, said, "Automobile tax is a valuable resource used for the development of Daegu City, including the creation of local jobs," and urged, "Citizens should be careful not to miss the payment deadline in their busy daily lives to avoid surcharge penalties."

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