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Gwangyang-si Offers 6.4% Discount for Annual Prepayment of Vehicle Tax

Internet, Phone, and More: Convenient Application Without Visits

Gwangyang-si Offers 6.4% Discount for Annual Prepayment of Vehicle Tax

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Gwangyang City, Jeollanam-do announced that it is accepting applications for annual automobile tax payments until the 31st, and that 37,000 vehicles that applied last year will be processed collectively, with payment notices being mailed out on January 9th.


The annual automobile tax payment system allows taxpayers to pay the automobile tax, which is regularly levied in June and December each year, in advance in January. By doing so, they receive a discount for the remaining period (February to December). In 2023, the discount rate is 6.4% of the annual tax amount.


The city is accepting annual payment applications via phone with the Taxation Division to enhance taxpayer convenience, without requiring visits or internet use through Wetax.


Payments can be made until January 31st without a payment notice by checking under ‘Local Tax’ at bank CD/ATM machines, Wetax, each bank’s website, or smartphone financial apps.


If the vehicle is transferred or scrapped after paying the January annual tax, the difference will be calculated on a pro-rata basis for the ownership period and refunded with a notification the following month. Even if the taxpayer moves to another city or county, the annual payment data will be transferred, and automobile tax will not be levied again this year.


Tak Young-hee, head of the Taxation Division, said, “Paying the automobile tax annually in January reduces the hassle of paying twice and provides a discount benefit. We highly recommend using the annual payment system.”


She added, “However, due to a nationwide system replacement this year, virtual accounts or ARS can only be used until January 19th, so please keep this in mind when paying automobile tax.”


Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr


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