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Understanding the Vehicle Tax Prepayment System

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What Is the Vehicle Tax Prepayment System?

Every year in July and December,

vehicle tax is paid in two installments.

Did you know that if you pay this vehicle tax in January as a lump sum,

you can receive a discount?

This is known as the 'Vehicle Tax Prepayment System.'

What is the Vehicle Tax Prepayment System?

The Vehicle Tax Prepayment System allows you to pay the vehicle tax,

which is normally paid in July and December, in advance in January,

and receive a discount on the amount due.

How Much Can You Save by Paying in January?

If you pay the full amount by the end of January,

you can get a 5% discount on the vehicle tax for February to December,

which translates to an effective savings of about 4.57%.

With just a little attention,

you can reduce your tax burden through this beneficial system.

Overview of Korea’s vehicle tax prepayment system and January discount benefits

Why January Offers the Biggest Discount

Why should you pay in January?

While you can apply for the vehicle tax prepayment in January, March, June, and September,

the earlier you pay, the greater the discount.

Payment Timing

Discount Rate

January

Approximately 4.57%

March

Approximately 3.75%

June

Approximately 2.5%

September

Approximately 1.25%

The biggest benefit comes from paying in January!

Comparison of vehicle tax prepayment discount rates by month in Korea

2026 Vehicle Tax Prepayment Deadline

Deadline for 2026 Vehicle Tax Prepayment

Payments must be made by January 31, 2026.

To receive the discount, make sure to pay on time.

Who Can Apply and How to Pay

Who can apply and how?

Eligible Applicants

New applicants

Existing prepay applicants will be automatically applied without reapplication.

Application Methods

Online: via the official website

In-person or by phone: local government office

Payment Methods

Bank visit, credit card payment, use of electronic payment number, etc.

Choose the method that is most convenient for you.

Ways to apply and pay for vehicle tax prepayment through online and local offices

Refunds and Changes After Prepayment

What if there are changes after prepayment?

If you transfer vehicle ownership, scrap the vehicle, or move to another city or county,

you can still receive a refund for the remaining period.

When changing your address, the prepayment record will carry over,

and there will be no need to pay again.

Refund and carryover process for vehicle tax prepayment after ownership or address changes

A Smart Way to Save on Vehicle Taxes

The Vehicle Tax Prepayment System is a smart choice

that allows you to benefit from tax savings and payment convenience.

This year, pay your vehicle tax in January and save wisely!

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Understanding the Vehicle Tax Prepayment System