Osan City Imposes 65% Increase in Annual Registration and License Tax Compared to Last Year

Osan City (Mayor Kwak Sang-wook) announced on the 13th that it has assessed and notified 229.45 million won (12,215 cases), representing approximately a 65% increase compared to last year's 139 million won in the annual registration and license tax (license division) for this year.

This year's annual registration and license tax (license division) was assessed and applied at new tax rates after the government raised rates that had remained fixed for the past 23 years despite economic growth and inflation through amendments to the Local Tax Law.

The annual registration and license tax is assessed and notified by municipal governments to those holding various licenses as of January 1 each year—as specified in the Local Tax Law—based on license categories. These licenses pertain to specific business facilities or conduct subject to administrative acts by authorities, including the establishment of rights or lifting of prohibitions related to licenses, permits, approvals, registrations, designations, and examinations as prescribed by various laws and regulations.

This year, Osan City's annual registration and license tax (license division) by category is as follows: Class 1 at 45,000 won, Class 2 at 34,000 won, Class 3 at 22,500 won, Class 4 at 15,000 won, and Class 5 at 7,500 won. The payment deadline is the 3rd of next month. Failure to pay the assessed tax by the due date will result in a surcharge equivalent to 3% of the tax amount.

License tax payment can be made at any nearby financial institution without requiring a notice; you can check the assessment details and make payment using your passbook, cash card, or credit card at CD/ATM machines. For additional inquiries regarding license tax payment, please contact Osan City's Tax and Revenue Team (031-8036-7180).