Car Tax Calculator
Calculate Korean vehicle acquisition tax and registration costs. Includes eco-friendly vehicle discounts, bond purchase costs, and plate fees.
About This Tool
The Car Tax Calculator estimates your annual Korean automobile tax based on vehicle type, engine displacement, and vehicle age. It also shows the prepayment discount if you pay your full year's car tax in January. Useful for budgeting vehicle ownership costs or comparing taxes between different cars.
How to Use
- Enter the vehicle price in Korean Won (KRW).
- Select the vehicle type (passenger, van/truck, motorcycle, compact).
- Choose whether the vehicle is new or used.
- Select eco-friendly vehicle type if applicable (EV/hydrogen or hybrid).
- Choose the registration region and click Calculate.
Frequently Asked Questions
What are the vehicle acquisition tax rates in Korea?
Passenger cars are taxed at 7%, vans/trucks at 5%, motorcycles at 2%, and compact cars at 4%. Compact cars can receive a discount of up to 750,000 KRW on acquisition tax.
What are the tax benefits for electric vehicles?
Electric and hydrogen vehicles can receive an acquisition tax discount of up to 1.4 million KRW (as of 2026). Hybrid vehicles receive up to 400,000 KRW discount.
How is used car acquisition tax calculated?
Used car acquisition tax is based on the standard assessed value. The higher of the actual transaction price and the standard assessed value may apply. Check with local authorities for the exact amount.
What is the mandatory bond purchase?
When registering a vehicle, you must purchase regional development bonds from the local government. Most people sell them immediately at a discount, and the difference is the actual cost burden. Bond rates vary by region.
What documents are needed for vehicle registration?
You need an ID, vehicle purchase contract (or tax invoice), car insurance certificate, and vehicle registration application. For used cars, a transfer registration application and certificate of transfer are additionally required.
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How It's Calculated
Korean car tax is based on engine displacement (cc):
• Non-commercial passenger cars: - Up to 1,000cc: ₩80/cc per year - 1,001–1,600cc: ₩140/cc per year - Over 1,600cc: ₩200/cc per year
• Electric vehicles: flat rate ₩100,000/year
Vehicle age discount: Starting from the 3rd year, 5% discount per year (up to 50% max).
Annual Tax = Base Tax × (1 − Age Discount Rate). Prepayment discount: ~5% if paid in full in January. Local education tax (30% of car tax) is added to the total. The tax is normally paid in two installments (June and December).
⚠️ Disclaimer
Tax rates and discount policies are set by Korean local governments and may change. Electric and hybrid vehicle tax benefits have expiration dates. Verify current rates with your local district office or Wetax (www.wetax.go.kr).
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