Discount benefits vary depending on the automobile tax calculation method. Check the car tax that comes every year in advance, calculate how much you have to pay, and apply a higher discount rate. As the refund comes out at the end of the year, please check the refund and save money.
✅How to save on car maintenance costs✅
How to Calculate Driver Insurance Discount Benefits
Go to car insurance comparison quote
How to calculate car tax
There is a formula for calculating automobile tax. If you use this formula, the tax on the car you own will be calculated immediately. We will tell you the car tax calculation formula below and also explain why it is calculated this way.
Automobile tax = [(vehicle displacement * model year discount) * business / non-business] * installment payment / annual payment
How to calculate vehicle emissions
The tax amount per CC for vehicle displacement varies depending on whether the vehicle is used for commercial or non-commercial purposes. Below, we will explain the tax amount per CC of engine displacement and the tax amount per CC of business/non-commercial emissions in the table.
※Diesel and gasoline taxes are the same.
※Source: Article 127 of the Local Tax Act
※Unit: Won
Non-commercial use
For business use
displacement
Tax per cc Tax per cc of engine displacement
1,000cc or less
80 Below 1,000cc 18
1,600cc or less
140 1,600cc or less 18
Above 1,600cc 200 Below 2,000cc 19
2,500cc or less
19
Over 2,500cc 24
Here’s where it can get confusing.
For example, the tax per engine displacement of 999cc/cc is 80 won. Then the tax amount is (999*80=79,920 won).
On the other hand, the tax per 1001cc/cc of engine displacement is 140 won. Then the tax amount is (1001*140=140,140 won).
Although the difference in displacement is only 2cc, the price can easily be doubled.
Model year discount
As just calculated above, just as the tax amount can vary depending on the car’s engine displacement, the tax amount can also vary depending on the car’s age. In 2023, you can get 5%, 10%, 15% discount depending on the year of car use… 50% discount for 10 years.
car model
Discount rate Car model discount rate
1 year
5% 6 years 30%
2 years
10% 7 years 35%
3 years
15% 8 years 40%
4 years
20% 9 years 45%
5 years
25% 10 years 50%
※For reference, there is no discount rate for vehicles less than 1 year old.
Car tax calculation methodㅣInquiry payment refund discount
Car tax calculation methodㅣInquiry payment refund discount
Sales/Non-Sales
As you can see by looking at the vehicle displacement, you can see that the tax per cc for commercial use is much cheaper. The reason is that non-commercial vehicles must pay an additional local education tax of (vehicle displacement * year) * 30%. Commercial vehicles will be omitted here.
Installment/annual payment
Automobile tax must be paid twice a year. Payment is made in installments: once in June and once in December. However, you can receive a discount of at least 2.5% to 10% when applying for annual payment. You can apply for annual payment in January, March, June, or September. Therefore, the sooner you apply for annual payment, the faster you can receive a discount of up to 10%. .
Automobile tax annual payment application period
discount rate
January payment
10%
March payment
7.5%
June payment
5%
September payment
2.5%
If you pay all of your car tax for the year in January, you can receive the maximum discount of 10%.
How to check car tax
I just informed my husband that I have to pay my car tax in December. Then he asked me where I could look it up. I think there are people who don’t know how to check car tax, so I’ll tell you how to check car tax below.
🟦1. Witax connection
Go to Android phone-Google Play/iPhone-App Store. Search for Witax and install it.
🟦2. check. pay
When you access Witax Mobile, there is an inquiry/payment button right away. Please click here.
🟦3. Proceed to log in
check. When you click the payment button, a login screen will appear. Here, if you have a public certificate on your phone, you can log in directly with the public certificate. If you have a public certificate on your computer, you can proceed through the computer.
🟦4. Find car tax details
If you logged in, check again. Click the payment button. Then, a list of local taxes paid will appear, and you can click here to check car tax payment.
🟦5. Payment details
If you click on automobile tax, statements such as tax payment number, electronic payment number, and withdrawal bank will appear.
In this way, Witax shows all taxes that need to be paid, not just car taxes. It would be convenient to save the app on your phone and access it occasionally to check your tax details.
➡️Android (Samsung phone) – Install Google Play WiTax
➡️Install Witax on iPhone-App Store
Payment method
Car tax is a tax levied on everyone who owns a car. You can think of it as a similar principle to an asset tax. However, car rentals, leases, etc. are exceptions. For rental leases, the business must pay taxes.
As mentioned above, the payment period must be divided into the first and second halves of the year. However, if you pay for one year in January, you can receive a discount of up to 10%.
Automobile tax tax period for the first half of the year
01.01~06.30 Automobile tax first half payment period 06.16~07.01
Automobile tax second half taxation period 07.01~12.31 Automobile tax second half payment period mid-December to the end of the month
❌ If I do not pay my car tax during the payment period, will a 3% additional tax be added? Please do not forget to pay on time.
We mentioned Wi-Tax as the payment method above, but you can also check and pay online at Giro. In addition, payment can be made using the account number specified on the bill, at a bank counter, at an automatic billing machine, or at a CD/ATM machine.
Car tax refund method
If you paid one year’s worth of car tax in January with a 10% discount, but sold the car in July, you must receive a refund for the remaining five months’ worth of car tax. You must apply for the refund because you will not receive it unless you apply for it. Below we will tell you how to apply online and offline.
Access the Witax homepage again. Go to the website and click on refund request – click on request for refund inquiry – click on local tax.
Click on Refund Details – Fill out various details – Read the details of refund details slowly and click the application button.
Conclusion
Car tax is a tax levied by the national or local government and must be paid annually by car owners. Automobile tax is calculated based on several factors such as vehicle type, year, engine displacement, and mileage, and tax rates and discount policies may vary depending on the region. Above we have provided information on how to calculate general automobile tax and receive a discount.