Gwangju City: Get a Discount by Paying Your Car Tax in Advance

4.6% Deduction Benefit... Application and Payment from the 16th to the 31st
Available via Wetax and Smartphone Starting from the 16th

Gwangju City announced on the 15th that it is implementing the annual prepayment system for automobile tax, which offers a partial discount on the tax amount if paid in full during January. The application and payment period is from the 16th to the 31st.

The annual prepayment system for automobile tax allows taxpayers to receive a 4.6% deduction on the annual tax amount if they pay in advance in January, rather than the usual biannual payments in June and December.

Taxpayers who used the annual prepayment option last year can simply pay the tax upon receiving the prepayment notice in January without a separate application. Those wishing to newly apply for the annual prepayment can do so by contacting or visiting the tax department of the district office where their vehicle is registered. Applications are also accepted via Wetax, smartphone (Smart Wetax), or the automated response system starting from the 16th.

After applying, payment can be made at any financial institution nationwide. Even without a tax notice, payments can be made at ATMs using a bankbook, debit card, or credit card. For internet or mobile banking and ATM (CD/ATM) account transfers, taxpayers can use the dedicated virtual account or local tax revenue account listed on the tax notice.

If you apply for electronic delivery or automatic payment for automobile tax, resident tax (individual), property tax, or registration and license tax, you will receive a tax deduction of 500 KRW per notice starting from the month after application. If you apply for both electronic delivery and automatic payment, you can receive a deduction of 1,000 KRW per notice.

Kim Daejeong, head of the Taxation Department, stated, "The annual prepayment system for automobile tax offers taxpayers the advantage of saving on taxes," and added, "We hope many citizens will take advantage of this benefit."