Payment Due by 31st... Annual Prepayment Vehicles Exempt from Taxation

Goyang Special City, Gyeonggi Province (Mayor Lee Dong-hwan) announced on the 13th that it has imposed approximately 220,000 cases of the second installment of automobile tax for December 2024, totaling 28.8 billion KRW, and encouraged payment of the automobile tax.

A view of Goyang Special City Hall. Provided by Goyang Special City.

A view of Goyang Special City Hall. Provided by Goyang Special City.

View original image

The automobile tax is a regular tax item imposed every June and December. This time, the automobile tax was imposed on owners of vehicles registered in Goyang as of December 1 (including construction machinery and motorcycles over 125cc) for the period from July 1 to December 31.


However, vehicles for which the taxpayer has prepaid the annual amount and vehicles for which the annual amount of 100,000 KRW or less was imposed in a lump sum in June (such as compact cars, cargo trucks, electric vehicles, etc.) were excluded from the December automobile tax imposition.


The payment deadline is Tuesday, December 31, 2024, and payment can be made at ATMs of financial institutions nationwide without a payment slip.


In addition, automobile tax can be conveniently paid anywhere nationwide using various methods such as internet payment via Wetax and smartphone simple payment (KakaoPay, Payco, Naver Pay), virtual account payment, local tax ARS payment service, and local tax revenue accounts.



A Goyang Special City official stated, “If automobile tax is overdue, penalties such as additional charges, license plate seizure, and property seizure will be imposed, so please be sure to pay within the deadline.”


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing