Namwon-si, Car Tax Prepayment Registration Open Until the 3rd of Next Month

[Namwon=Asia Economy Honam Reporting Headquarters Reporter Jeong Young-kwon] Namwon City, Jeonbuk Province, announced on the 10th that it will accept applications for the annual prepayment of 2022 automobile tax discounts until the 3rd of next month.

The automobile tax annual prepayment system is a system where if the automobile tax, which is paid twice a year in June and December, is paid in advance in January, a portion of the annual tax amount is deducted.

Last year, 14,674 vehicles applied and received a total deduction benefit of 291 million KRW.

The eligible applicants include all vehicle types subject to automobile tax, such as automobiles, two-wheelers, and machinery equipment. When applying for annual prepayment in January, a tax deduction of 9.15% of the annual tax amount can be received.

Applications for annual prepayment are also possible in March, June, and September, with tax deduction benefits gradually decreasing to 7.5% for March payment, 5% for June payment, and 2.5% for September payment.

Applications for annual prepayment can be made by phone or visit to the City Hall Finance Department, Eup/Myeon/Dong Administrative Welfare Centers, or online through the Wetax website for application and payment.

Taxpayers who applied and paid for annual prepayment last year can receive an automobile tax annual prepayment bill with a 9.15% deduction of the annual tax amount on the 13th (scheduled) without a separate application.

If payment is not made after applying for annual prepayment, the application will be canceled, and regular bills will be sent every June and December.

If the vehicle is transferred or scrapped after annual prepayment, the automobile tax for the unused period can be refunded.

Namwon=Asia Economy Honam Reporting Headquarters Reporter Jeong Young-kwon wjddudrnjs@asiae.co.kr

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