Car Acquisition Tax Calculator
Enter your vehicle's price and type to calculate the acquisition tax.
Fill in your details on the left and press Calculate to see your result here.
Car Acquisition Tax Calculator FAQ
How is the acquisition tax rate determined?
Under Article 12(1)(2) of the Local Tax Act, non-business passenger cars are taxed at 7%, light cars (non-business) at 4%, business-use vehicles at 4%, and vans/trucks at 5%.
Do light cars get a tax deduction?
Yes. Under Article 67(1) of the Restriction of Special Local Taxation Act, a light car meeting the standard (under 1,000cc, etc.) is fully exempt from acquisition tax if the computed tax is ₩750,000 or less, and gets a ₩750,000 deduction if it exceeds that. This deduction is a time-limited measure that applies through December 31, 2027.
Does this include EV or hybrid tax deductions?
No. Deductions for electric, hydrogen, and other eco-friendly vehicles have separate caps and sunset dates that change frequently, so they're not reflected here. Check with your local government office or the manufacturer for those figures.
Does this include the local development bond you have to purchase?
No. This calculator covers acquisition tax only. It doesn't include the local development bond (or urban railway bond) you're required to purchase separately when registering a vehicle.
This calculator applies only the standard rate under Article 12(1)(2) of the Local Tax Act and the light-car deduction under Article 67(1) of the Restriction of Special Local Taxation Act (in effect through December 31, 2027), for reference only. It doesn't include eco-friendly vehicle deductions or the local development bond purchase cost — check with your local district/city office or a vehicle registration agent for the exact amount.