Korean Automobile Industry
Korean Automobile Industry
Korean Automobile Industry
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18<br />
Taxation<br />
Twelve types of taxes including public bond are levied to car owners in Korea<br />
along with fuel tax.<br />
Vehicle Taxation<br />
<strong>Korean</strong> <strong>Automobile</strong> <strong>Industry</strong> 2008<br />
Division Status<br />
(As of March 2008)<br />
Special Excise Tax<br />
- below 1000cc : exempted<br />
- 1001 ~ 2000cc : 5% of ex-factory price<br />
- over 2000cc : 10% of ex-factory price<br />
Purchase<br />
Stage<br />
Education Tax<br />
VAT<br />
- 30% of special excise tax<br />
- 10% of retail price<br />
Registration Tax - Private : 5%, Commercial : 3% of Retail Price<br />
Acquisition Tax - 2% of Retail Price<br />
Bond<br />
- 0 ~ 20% of Retail Price<br />
- 800cc below : \80/cc<br />
- 801 ~ 1000cc : \100/cc<br />
Possession <strong>Automobile</strong> Tax - 1001~1600cc : \140/cc<br />
Stage<br />
- 1601~2000cc : \200/cc<br />
- over 2000cc : \220/cc<br />
Education Tax - 30% of Vehicle Tax<br />
Fuel<br />
Transportation∙ Unlead (ℓ)<br />
Fuel Energy∙<br />
Excise Environment Tax Diesel (ℓ)<br />
Tax<br />
LPG (kg)<br />
- \472/ℓ<br />
- \335/ℓ<br />
- \252/kg<br />
Tax<br />
Education Tax - 15% of Fuel Excise Tax<br />
Motor Fuel Tax<br />
- 27.0% of Transportation∙Energy∙<br />
Environment Tax<br />
VAT<br />
- 10% of Fuel Retail Price<br />
※ Mini cars below 1,000cc are exempted from special excise tax, education, registration, and acquisition tax
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