Gwangju City '10% Discount' Application and Reception for Annual Automobile Tax Payment

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 12th that it will accept applications for the annual automobile tax prepayment, which offers a 10% discount on the tax amount if the full year's automobile tax is paid in advance, until the 1st of next month.

The annual automobile tax prepayment system allows taxpayers to pay the automobile tax, which is usually paid in June and December each year, in January in advance, enabling a 10% deduction on the automobile tax amount from February to December.

If the prepayment application is not made in January, a 7.5% deduction can be received if applied for in March, 5% in June, and 2.5% in September, respectively, based on the annual tax amount.

Last year, more than 60% of vehicles registered in Gwangju, totaling 432,500 vehicles, applied for the annual prepayment, receiving a total deduction of 12.75 billion KRW.

Taxpayers wishing to prepay their automobile tax can apply by phone or visit the tax department of the district office that has jurisdiction over their vehicle registration by the 1st of next month. From the 16th, applications can also be made via ARS or the internet through Wetax.

Taxpayers who prepaid their automobile tax last year will receive their annual prepayment tax bill this month and can pay without a separate application.

Payments can be made directly at all financial institutions nationwide, and even without the annual prepayment tax bill after application, payments can be made using bankbooks, cash cards, or credit cards at ATMs of all banks nationwide.

Additionally, to prevent the spread of COVID-19, payments can be made non-face-to-face by using internet or mobile banking of the transaction bank, Wetax, ARS, etc., without visiting financial institutions in person.

For inquiries regarding the annual automobile tax prepayment declaration and payment, contact the tax department of the district office where the vehicle is registered.

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