"Apply for Annual Car Tax Payment from 16th to 31st and Receive a 5% Tax Credit"

Gyeonggi Provincial Government

Gyeonggi Province will accept annual prepayment applications for a 5% discount on one year’s worth of automobile tax from the 16th to the 31st of this month.

Automobile tax is a tax imposed twice a year on June 1 and December 1 on the owners of vehicles as of the tax base date. However, if the automobile tax, which is usually paid twice a year, is paid in a lump sum in January, a 5% discount can be received on the tax amount corresponding to the period from February to December. Applications can also be made in March, June, and September each year, but since a 5% discount is given on the remaining period’s tax until the end of the year, paying in January offers the greatest savings benefit.

For vehicles that have already been prepaid, if there is no change in ownership, a payment notice will be sent without a separate application. If a new vehicle is acquired and prepayment is desired, a new application must be submitted.

Applications and payments can be made via the Wetax website (www.wetax.go.kr) or the Smart Wetax app, or by calling or visiting the tax office of the city or county where the vehicle is registered. If payment is not made after applying for prepayment, the regular automobile tax bills issued in June and December can be paid upon receipt.

If there is a change in vehicle ownership or the vehicle is scrapped after prepayment, the automobile tax for the remaining period will be refunded. Also, if the address is moved to another city or county, automobile tax will not be charged again.

Choi Won-sam, head of the Taxation Division of Gyeonggi Province, explained, "Prepaying automobile tax is a good opportunity to receive tax-saving benefits."

Meanwhile, the number of registered vehicles in Gyeonggi Province at the end of last year was 6.52 million, increasing by about 2% annually.

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