Want to Get a Discount on Car Tax? ... Yeongyang-gun, Gyeongbuk, "Apply for Annual Prepayment All at Once"

Yeongyang County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwiyeol] Yeongyang-gun, Gyeongbuk announced on the 9th that if you prepay your automobile tax through an annual payment application by the end of this month, you can receive a 9.1% discount for the year.

The annual automobile tax payment system allows taxpayers to pay the automobile tax, which is usually paid twice a year in June and December, all at once in January, and receive a 10% discount on the tax amount for 11 months from February to December.

According to the 2021 revision of the Local Tax Act, an effective discount rate of 9.1% is applied when applying in January.

The annual payment system can also be applied for in March, June, and September, but since the discount benefits decrease depending on the timing, applying in January is the most advantageous.

If you receive the annual payment notice but do not pay within the period, the benefits will be lost.

Automobile tax for which annual payment has been applied can be paid by February 3rd through financial institution counters, CD/ATM machines, Wetax, or virtual accounts. Applications can be made via Wetax or by contacting the county office’s finance department.

Kim Taegyeom, head of the finance department of Yeongyang-gun, said, “The number of people who want to benefit from the automobile tax every year is increasing, so applications are increasing year by year.”

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