경차 유류세 환급제도Benefits and information good to know
August 12, 2022
by. Tip Space Market
With the economy not doing well due to the coronavirus, gas prices continue to rise. Even diesel and gasoline prices have reversed, making vehicle maintenance costs prohibitively expensive.
Those who use or plan to purchase a compact car can receive various benefits in terms of cost. One of them is the light vehicle fuel tax refund system.
If you utilize this system well, you will be able to reduce vehicle operating costs to a small extent. If so, let’s take a look at who is eligible for a light vehicle fuel tax refund and the types of refund cards. Please be sure to check the information below and receive the benefits.
This is a system that the government has implemented since 2008, and is a system that refunds up to 300,000 won in taxes per year to ease the burden of fuel and transportation costs for ordinary people who own compact vehicles for living. Recipients are issued a dedicated card and receive a discount up to the limit when refueling. Please note that the refund limit has been expanded from 200,000 won to 300,000 won starting this year.
Subsidy limit for light vehicle fuel expenses significantly increased by 300,000 won (50%) per year
If you own a light vehicle (passenger car/van) with an engine displacement of less than 1,000cc and meet all of the following requirements, the fuel cost will be met.
🔎 Go to National Tax Service blog
To help you understand, everyone in the household must own at least one compact car. This is also possible for [light-sized passenger cars & general-purpose vans] and [light-sized vans & general-purpose passenger vehicles]. However, as an exception, if you own one compact passenger car and one compact van, you are eligible for a fuel tax refund.
Eligibility for support based on car ownership status by generation
The conditions for light vehicles eligible for fuel tax support are as follows.
Apply for a light vehicle fuel tax refund card
Apply for a light vehicle fuel tax refund card
You can obtain a fuel purchase card from Lotte/Shinhan/Hyundai Card. You can only apply to one of these card companies (one card per person). This method is issued by the card company after the National Tax Service verifies whether the applicant is eligible for support. In addition to fuel, you can purchase other items, and fuel costs are supported only for the amount of fuel used.
Light vehicle fuel purchase card issuance and refund flowchart Source: National Tax Service
Shinhan Card Compact Car Love Life
🔎 Go to “Shinhan Card Compact Car Love Life” issuance application
Compact car smart Lotte card
🔎 Click here to apply for issuance of “Compact Car Smart Lotte Card”
Hyundai Card M – Card for compact cars
🔎 Click here to apply for issuance of “Hyundai Card M-Compact Car Card (Fuel Tax Refund)”
Apply for good driving mileage and receive fine reduction
Find out how to get a 20% discount on parking violation fines
