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#Local tax

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CarsCar ownership

Korea Car Tax Prepayment 2027: Save About 4.58% in January

If you own a car in South Korea, paying the 2027 automobile tax in one lump sum between January 16 and 31 cuts the annual bill by about 4.58%. Here is how the 5% rule works, what each month saves and what happens if you sell the car.

7 min readMarcus Dean