Sejong City Accepts Applications for 'Annual Automobile Tax Prepayment' Until the 3rd of Next Month

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced on the 12th that it will accept applications for the "2020 Automobile Tax Prepayment" from the 16th of this month to the 3rd of next month.

The automobile tax prepayment system allows taxpayers to pay the annual tax in advance. If paid in January, a 10% deduction is applied to the automobile tax for February to December, providing a maximum tax reduction of up to 9.15%.

For example, a new 2000cc vehicle with an annual tax amount of 520,000 KRW would receive a discount of 47,600 KRW when prepaying.

Applications for prepayment are also possible in March, June, and September, with respective deduction rates of 7.5%, 5%, and 2.5% applied.

The city recently sent out approximately 79,000 prepayment tax bills reflecting the deducted amounts for vehicles that prepaid their automobile tax last year.

Applications for prepayment can be made by visiting the city tax department or the local community service centers in eup, myeon, or dong, or via phone and the internet through WETAX.

Payments can be made through dedicated virtual accounts, telephone ARS, internet WETAX, or smartphone apps (Smart WETAX).

For vehicles that are transferred or deregistered after prepayment, the tax amount can be refunded on a pro-rata basis.

A city official stated, "We hope citizens can benefit from tax savings through the prepayment system."

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