Miryang City Offers 4.58% Discount for Annual Automobile Tax Prepayment in January

Miryang City in South Gyeongsang Province will be accepting applications for annual prepayment of automobile tax until February 2.

The annual prepayment system for automobile tax allows taxpayers to pay the tax, which is usually imposed regularly in June and December, in advance in January and receive a 4.58% discount on the yearly amount.

Miryang City Hall.

Applications for annual prepayment of automobile tax can be made in January, March, June, and September, with deduction rates of 4.58%, 3.76%, 2.51%, and 1.25% of the annual amount, respectively. The tax-saving benefit is greatest when applying in January.

If you paid the automobile tax as an annual lump sum last year, a payment notice reflecting the deduction will be sent to your registered address by the 16th without the need for a separate application. If the payment is not made within the deadline, the annual prepayment application will be automatically canceled, and the tax will be imposed during the regular payment periods in June and December.

Citizens who wish to newly apply for annual prepayment can do so by phone or in person at the Tax Division of Miryang City Hall or at the local administrative welfare centers. Starting from the 16th, applications can also be submitted online through the Wetax website.

Meanwhile, if you transfer ownership of your vehicle or scrap it after making the annual prepayment, you can receive a refund for the unused period based on the length of ownership. Refund applications can be made by visiting the Tax Division at City Hall or through the Wetax website.

Lee Joonseung, Head of the Tax Division, stated, "The annual prepayment of automobile tax is a useful way to reduce your financial burden," and urged citizens to apply and pay within the designated period.