Sejong Imposes and Notifies 2nd Installment of Vehicle Tax This Year... 4% Increase Compared to Last Year

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced on the 13th that it has imposed and notified the second installment of automobile tax for this year.

The automobile tax must be paid between the 16th and 31st of this month. The imposed automobile tax amounts to approximately 76,000 cases totaling 13.1 billion KRW, which is a 4.4% increase compared to last year (12.6 billion KRW).

The city attributes the increase in automobile tax compared to last year to the rise in the number of registered vehicles due to population growth in the region.

Automobile tax is imposed on vehicle owners every year in June and December. The second installment automobile tax is the tax for vehicle ownership from July 1 to December 31, 2021, and is not imposed on vehicles that have prepaid the automobile tax annually or those with an annual tax amount of 100,000 KRW or less that have prepaid.

The automobile tax can be paid by visiting financial institutions or using payment-only virtual accounts without a tax notice, internet via WETAX, ARS, or mobile simple payment apps.

Also, by using the ‘Local Tax Revenue Account Payment Service,’ which utilizes electronic payment numbers as deposit accounts, local taxes can be paid at all financial institutions without transfer fees.

A city official explained, “Vehicles owned by national merit recipients or persons with severe disabilities can receive a tax reduction for one vehicle per owner, so it is necessary to check in advance to ensure it is reflected.”

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