Jeongeup-si, Annual Car Tax Prepayment Application and Reception... 9.15% Discount

[Asia Economy Honam Reporting Headquarters, Reporter Kim Jae-gil] Jeongeup City in Jeonbuk announced on the 8th that it will accept applications for the ‘2021 Automobile Tax Prepayment’ until the 1st of next month to secure local taxes early, encourage faithful tax payment, and provide taxpayers with local tax savings benefits.

The automobile tax prepayment system allows vehicle owners to pay the automobile tax, which is normally paid twice a year in June and December, in a lump sum and receive a discount on the tax amount depending on the payment timing.

The eligible vehicles include all types subject to automobile tax (automobiles, two-wheelers, and construction machinery).

Previously, a 10% discount was given for prepayment in January, but starting this year, a 9.15% discount is applied from February to December, excluding the January portion.

If the prepayment was applied for and paid in the previous year, a prepayment tax bill will be sent without a separate application.

Prepaid automobile tax can be paid at financial institutions using the tax bill or through CD/ATM machines, virtual accounts, and the Wetax system, but cannot be paid via automatic transfer.

If a taxpayer moves to another city or county after prepayment, the prepaid automobile tax for that year remains valid and will not be taxed again as a regular tax by the new local government.

In cases of vehicle sale or deregistration, the difference between the prorated tax amount for the ownership period and the prepaid tax amount can be refunded.

A city official stated, “If payment is not made by February 1 after applying for prepayment, the application becomes invalid and the tax will be charged as a regular tax without discount. Please do not forget to pay after applying for prepayment.”

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