Gyeonggi-do Imposes 359.8 Billion KRW in Second-Quarter Vehicle Tax This Year

Gyeonggi Provincial Government Building Exterior

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province has imposed 359.8 billion KRW in the second installment of automobile tax this year. This is a decrease of 5.9 billion KRW (1.60%) compared to the same period last year.

Automobile tax is levied on the owner as of the tax base date (June 1 and December 1 each year) in two installments: the first installment (June) and the second installment (December). The second installment of automobile tax imposed this time is the tax levied on vehicle owners from July 1 to December 31, 2022.

The payment period for the automobile tax is from December 16 this year to January 2 next year, and payment can be made directly at all financial institutions nationwide. Payments can be made using Wetax, Internet Giro, virtual accounts, and automated devices (CD/ATM). If you apply for electronic notification through simple payment apps, you can receive a mobile tax bill. You can also receive a tax credit benefit when applying for electronic notification. In addition, if you use the local tax revenue account (electronic payment number) on the tax bill, the transfer fee is waived.

Choi Won-sam, head of the Provincial Taxation Division, said, "After the automobile tax payment deadline, a 3% surcharge and disadvantages such as seizure due to delinquency may occur," and urged, "Please use various payment methods to pay within the payment deadline."

Meanwhile, due to the revision of the Local Tax Act, the deduction rate for annual prepayment of automobile tax will be lowered from the current 10% to 7% in 2023.

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