Pocheon City Offers 10% Discount on Vehicle Tax Annual Prepayment in January

Pocheon City (Acting Mayor Min Cheon-sik) will accept annual prepayment applications for 2017 vehicle tax during the month of January.

The vehicle tax annual prepayment system is a program in which vehicle owners who pay their vehicle tax in advance in January, rather than in installments in June and December, receive a 10% discount on the annual tax amount. Since refunds can be processed for remaining amounts even if the vehicle is transferred or deregistered after prepayment, the system has gained significant popularity as a financial management strategy in this era of low interest rates.

For existing vehicles already enrolled in the annual prepayment system, bills will be sent each January without requiring reapplication. Additional applications can be made by calling or visiting the Pocheon City Hall Tax Affairs Division, or through the internet at We-Tax (www.wetax.go.kr).

Payment methods have also become more convenient. Taxpayers can transfer funds through a virtual account, or at CD/ATM machines at any bank nationwide, they can inquire about and pay local taxes using a bankbook or credit card without a bill. Payment is also possible through We-Tax (www.wetax.go.kr) online or by ARS credit card (031-538-2955).

Jeon Young-jin, head of the Tax Affairs Division, said: "The vehicle tax annual prepayment system is an excellent program that provides tax benefits, so we hope citizens will apply and start the new year economically."

For more information, contact the vehicle tax official at Pocheon City Hall Tax Affairs Division (☎538-2191).