Daejeon City Imposes 138,000 Cases of 'Registration License Tax'... Payment Due by the 3rd of Next Month

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 12th that it will impose 5.9 billion KRW in regular registration license tax (license portion) on approximately 138,000 cases this year.

The regular registration license tax is imposed annually on January 1st, considering the license renewed, for licenses that have no set validity period or have a maintenance period exceeding one year.

The registration license tax varies by type and category of license, ranging from 18,000 KRW (Category 5) to 67,500 KRW (Category 1). Even if the license is canceled or the business is closed after January 1st, the obligation to pay the registration license tax for that year remains.

The deadline for paying the registration license tax is until the 3rd of next month. The city urges timely payment, noting that failure to pay by the deadline will incur a penalty (3%) and may result in disadvantages such as cancellation or suspension of the held license.

A city official stated, “The regular registration license tax is a resource used for improving citizens' quality of life and welfare promotion projects,” adding, “We will do our best to enhance taxpayer convenience through various promotional activities to ensure the registration license tax is paid within the deadline.”

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