About this tool
This calculator estimates the acquisition tax you pay when you buy and register a vehicle in Korea, using the standard vehicle acquisition tax rates (no local education tax is added on vehicle acquisition).
For a new car the tax base is the price without VAT, so a price that includes 10% VAT is divided by 1.1; for a used car the higher of the deal price or the official standard value is used.
The usual rates are 7% for a private passenger car, 4% for a light car under 1,000cc or a commercial car such as a taxi, 5% for a non-commercial van or truck, and 2% for a motorcycle.
Light cars get a reduction of up to 750,000 KRW, and electric or hydrogen passenger cars get up to 1,400,000 KRW off, but the EV benefit applies to cars acquired by 2026-12-31; under the government's 2026 tax reform plan (pending in the National Assembly) it is set to fall to 700,000 KRW from 2027, so check the rule at your purchase date.
For example, a 33,000,000 KRW passenger car with VAT has a tax base of 30,000,000 KRW and a tax of 2,100,000 KRW.
Public bonds, registration fees and insurance are extra and vary by region, and family-based reductions may also apply.
The result is an estimate for reference only; the local government decides the actual tax at registration, so confirm at wetax.go.kr. It does not replace advice from a tax professional.
How to use
- Choose the price type (new with VAT, new without VAT, or used) and the vehicle type.
- Enter the vehicle price in won.
- Read the tax base, rate, reduction, final tax and the estimated total, then confirm with your local government.