Hamyang-gun Accepts Applications for Annual Car Tax Prepayment ... 9.15% Discount

Prepay One Year of Vehicle Tax: Annual Tax Declaration and Payment Due by the End of January

Exterior view of Hamyang County Office (Photo by Hamyang County)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hamyang-gun, Gyeongnam Province is accepting applications for the 2021 ‘Annual Prepayment of Automobile Tax’ until the 31st.

The annual prepayment system for automobile tax allows taxpayers to pay the automobile tax, which is usually paid twice a year in June and December, in a lump sum and receive a deduction depending on the payment timing. Previously, a 10% discount was given for prepayment in January, but from this year, a discount is applied to the amount from February to December excluding January, effectively providing a 9.15% discount.

Applications for the annual prepayment can be made through the internet site WETAX, the mobile app (Smart WETAX), the county office’s finance department, and the eup/myeon offices. Payments can be made at bank counters, by credit card (ARS), virtual accounts, or via WETAX.

However, even if electronic payment methods such as local tax automatic transfer are registered, the automobile tax annual prepayment is not automatically deducted and must be paid individually.

If the annual prepayment was made last year, the annual prepayment notice will be sent automatically without a separate application, and payment must be made by the 31st.

Even if you move to another local government after prepaying the automobile tax, the tax for that year will not be imposed. When selling or scrapping the vehicle or deregistering it, you can receive a refund calculated on a daily basis from the local government where the annual tax was paid.

If payment is not made by the 31st, the application will be invalidated and a regular tax notice will be issued later, so payment within the deadline is necessary to receive the benefits.

A county official said, “If you prepay in January, you can receive a 9.15% tax deduction,” adding, “We hope many people will be interested as it also eliminates the hassle of paying automobile tax twice in June and December.”

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