Gyeonggi Province Levies 397.6 Billion Won in Second Installment of 2025 Automobile Tax

The Gyeonggi Provincial Government has levied 397.6 billion won in the second installment of automobile taxes for 2025.

This amount represents an increase of 6.7 billion won (1.7%) compared to the same period last year. The provincial government attributed this rise to a roughly 1.1% increase in the number of registered vehicles in the province, as well as a decrease in the number of early payment declarations for annual automobile tax prepayment.

By city and county, Hwaseong had the largest tax assessment at 36.3 billion won, followed by Suwon (33.8 billion won) and Yongin (32.5 billion won).

The automobile tax is imposed twice a year-on June 1 and December 1-on the registered owner of the vehicle as of those dates.

This second installment of the automobile tax covers the period from July 1 to December 31, 2025.

Gyeonggi Provincial Government

If a vehicle is newly registered, transferred, scrapped, or deregistered during the tax period, the tax amount is calculated on a pro-rata basis according to the actual period of ownership. Vehicles for which the annual automobile tax was prepaid in January, March, June, or September are excluded from this tax assessment.

The payment deadline is December 31. If payment is made after the deadline, a 3% penalty will be added to the tax amount. Automobile tax can be paid at any financial institution nationwide, as well as through various methods such as Wetax, Internet Giro, virtual accounts, and cash dispensers (CD/ATM).

Ryu Youngyong, Director of the Taxation Division at the Gyeonggi Provincial Government, stated, "Local taxes are a valuable resource for the development of Gyeonggi Province and the improvement of residents' lives," and urged, "Please make sure to pay your taxes within the deadline to avoid penalties or disadvantages due to late payment or delinquency."

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