Gapyeong-gun Accepting Applications for Annual Prepayment of Automobile Tax Eligible for Tax Credit

by Lee jonggu

Published 06 Jan.2025 10:56(KST)

Not Mandatory, But Early Payment Offers Tax Credit Benefits

"Apply for the 2025 annual prepayment of automobile tax and receive a tax credit."

Gapyeong-gun, Gyeonggi Province (Governor Seo Tae-won) announced on the 6th that it will implement the automobile tax annual prepayment system, which allows taxpayers to receive a tax credit if they pay the 2025 automobile tax in advance.

A view of Gapyeong County Office. Provided by Gapyeong County.

The automobile tax annual prepayment system is applied according to Article 128 of the Local Tax Act. For vehicles that have already applied for annual prepayment, tax bills will be sent out collectively around mid-January. For newly acquired vehicles, an application for annual prepayment is required. Applications can be made by visiting or calling the Taxation Division of Gapyeong County Office, and declarations and payments can also be made through Wetax.

Payments can be made without a tax bill by checking at financial institutions' cash deposit/withdrawal machines (CD/ATM), and can be conveniently processed through various channels such as Wetax, local tax revenue accounts, and internet Giro automated response systems. There is no disadvantage if payment is not made after applying for annual prepayment, and in case of non-payment, the regular tax will be imposed in June and December.

An official from the county stated, "The automobile tax annual prepayment provides taxpayers with tax reduction benefits and gives the county the effect of securing local taxes early and stably," and added, "We ask for applications and payments within the deadline."

For more detailed information, please contact the Taxation Division of Gapyeong County Office.