Gumi City Offers 4.57% Deduction for Annual Vehicle Tax Prepayment in January

Apply by February 2
Regular Tax Imposed If Prepayment Is Missed
Online Payment Available via Wetax and Smart Wetax

Gumi City in North Gyeongsang Province is accepting applications for the annual vehicle tax prepayment program until February 2. If residents pay the full amount of vehicle tax, which is normally levied in June and December, in January, they will receive a 4.57% discount on the annual tax amount.

Taxpayers who participated in the annual prepayment program last year and have not changed their vehicle do not need to reapply; they will receive a prepayment notice this month and can simply make the payment.

If payment is not made by February 2 after applying for the prepayment program, the tax deduction benefit will not be available, and the regular vehicle tax will be imposed separately in June and December.

Photo of Gumi City Hall Exterior

If you miss the opportunity to apply in January, you can apply in March to receive a 3.76% deduction, in June for a 2.52% deduction, or in September for a 1.25% deduction on the annual tax amount.

If you have prepaid your vehicle tax and later transfer ownership or scrap the vehicle, you can receive a refund for the remaining period. It is also possible to apply for the succession of the prepayment benefit after changing vehicles.

Applications for the annual vehicle tax prepayment program can be made in person or by phone at the Taxation Division of Gumi City Hall or at the administrative welfare centers in towns, townships, and districts until February 2. Starting from the 16th, payments can also be made through Wetax or the Smart Wetax app.

Moon Younghoo, Director of the Taxation Division, stated, "The annual vehicle tax prepayment program not only provides tax deduction benefits but also enhances taxpayer convenience. I encourage everyone to apply within the designated period and make payment on time to take advantage of the tax-saving benefits."