June Regular Automobile Tax, 3% Penalty for Late Payment

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Changwon City, Gyeongnam, will impose 362,057 cases of regular June automobile tax, totaling 49.6 billion KRW.

The regular June automobile tax is imposed on the owners listed in the automobile registration ledger as of June 1, the tax base date, excluding those who paid the semi-annual lump sum for automobiles, motorcycles, and machinery equipment registered in Changwon City.

Vehicles with an annual tax amount of 100,000 KRW or less will be fully taxed in June, and the payment period for automobile tax is from the 16th to the 30th of this month.

If the payment deadline is missed, a 3% surcharge will be applied. Therefore, taxpayers who have applied for automatic transfer should ensure sufficient balance in their bank accounts by the payment deadline, and those who have applied for electronic delivery should check the Smart Wetax app or email as the tax bill will not be sent by mail.

Changwon City is promoting various taxpayer convenience policies such as local tax account payment, ARS easy payment, virtual and dedicated account payment, mobile Wetax payment, and the Wetax website, and has also expanded the tax credit amount for those who apply for electronic delivery and automatic transfer.

If you apply for electronic delivery or automatic transfer for regular local taxes such as automobile tax, property tax, and resident tax, you will receive a tax credit of 800 KRW per bill when applying for one, and 1,600 KRW per bill when applying for all.

Even without a paper tax bill, payment can be made using a cash card, bankbook, or credit card through bank CD/ATM machines.

The city explained that, separate from this regular automobile tax, if you pay the second installment automobile tax due in December early this month, you can enjoy a tax-saving benefit by receiving a 10% deduction on the second installment tax amount.

Jo Youngwan, head of the Changsejeong Division, said, “If you miss the payment deadline, you may face disadvantages such as a 3% surcharge and license plate suspension, so please pay within the deadline.”

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