Car Acquisition Tax Calculator
Last updated: 2026-06-25
Korea car acquisition tax = acquisition value (car price) × rate. The rate is 7% for non-commercial passenger cars, 4% for light cars, and 4% for commercial vehicles.
For example, a 30,000,000 won passenger car is 30,000,000 × 7% = 2,100,000 won. For new cars, individual consumption tax (5%), education tax, and VAT are already included in the factory price.
Enter Vehicle Details
Car acquisition tax
0 won
| Item | Amount |
|---|---|
| Acquisition value (tax base) | |
| Applied rate | |
| Acquisition tax |
This is an estimate for reference. Eco-friendly, multi-child, or disability reductions, bond purchase, and local differences may apply. Confirm exact amounts on Wetax.
How to Use
- Enter the car price — enter the acquisition value (tax base), the car price, in won.
- Select the car type — choose passenger (7%), light (4%), or commercial (4%).
- Check the result — press Calculate to see the applied rate, acquisition tax, and new-car individual consumption tax guidance.
How Car Acquisition Tax Works and the Rates
Korea car acquisition tax is calculated by multiplying the acquisition value (tax base) by the rate for the car type. Since 2011 the registration tax was merged into the acquisition tax, so only a single "acquisition tax" is charged today, though it is commonly called "acquisition and registration tax." Non-commercial passenger cars are taxed at 7%, while light cars and commercial vehicles are taxed at 4%.
| Car type | Acquisition tax rate | Notes |
|---|---|---|
| Non-commercial passenger car | 7% | Standard passenger car |
| Light car | 4% | Under ~1,000cc, etc. |
| Commercial | 4% | Taxi, rental car, etc. |
A new car's factory price already includes individual consumption tax (5% of the factory price), education tax (30% of the individual consumption tax), and VAT (10%) in stages. These taxes are usually built into the sale price, and acquisition tax is levied on the acquisition value that includes them. You also must buy regional development bonds when registering, and selling them back immediately at a discount lowers your actual cost. If you are financing the car, also check your monthly payment with the auto loan calculator.
Frequently Asked Questions (FAQ)
How is car acquisition tax calculated in Korea?
Korea car acquisition tax is the acquisition value (tax base) multiplied by the rate. Non-commercial passenger cars are taxed at 7%, light cars at 4%, and commercial vehicles at 4%. For example, a 30,000,000 won passenger car is 30,000,000 × 7% = 2,100,000 won in acquisition tax.
Are acquisition tax and registration tax different?
They used to be separate, but since 2011 registration tax was merged into acquisition tax, so only a single 'acquisition tax' is now charged. People still commonly call it 'acquisition and registration tax.' This calculator uses the merged acquisition tax rate.
Do I pay individual consumption tax when buying a new car?
A new car's factory price already includes a 5% individual consumption tax, an education tax equal to 30% of that, and VAT. These are usually built into the sale price, and acquisition tax is levied on the acquisition value that includes them. Check your quotation for the exact breakdown.
What is bond purchase (gongchae maeip)?
When registering a vehicle in Korea you must buy regional development bonds (or urban railway bonds). If you sell them back immediately at a discount, your actual cost drops. Bond rates and instant-sale discount rates vary by local government, engine displacement, and car type, so this calculator only provides general guidance.
Is this result accurate?
This calculator gives an estimate based on standard acquisition tax rates. Eco-friendly vehicle reductions, multi-child/disability reductions, commercial classifications, and local bond differences can change the actual amount, so confirm exact figures on Wetax.
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Last updated: 2026-06-25