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Vehicle transportation

General Principle
Requirements of moving the items of the vehicle for acceptance
- It is an automobile or a vehicle with two wheels according to Article 3 of the Automobile Management Act.

- One vehicle per moving family (in case the family is consisting of people of the same generation)

- The vehicle will arrive to the domestic port within 6 months of entry to the country
Calculation of vehicle’s period of use
Vehicle’s period of use that is acknowledged as a moving item
It is a vehicle that was registered at the prior place of living and has passed for three months.

This calculation is based from the date of registration up to the time when the holder of registration enters the country.
However, if date of shipment is faster by 7 days from the date of entry of customer, the date until shipment is calculated instead of the date of arrival.
Tax exemption requirement of vehicles
Precondition: It has to satisfy all the acknowledged requirements of the vehicle as a moving item.
Targeted vehicle: Domestic vehicles exported from Korea
Clearance and documents based on qualification of person movings

- domestic vehicles exported from Korea

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Classification Expected date of stay Moving items Tax imposition Self-certification Environment certification
domestic vehicles exported from Korea Person
moving		 accepted Exempted Exempted Exempted
Person partly moving Between 6 months
and 1 year accompanying family		 accepted exempted exempted Citizen: omitted
Permanent resident: omitted
Foreigner : subjected
transients Between 6 months
and 1 year individually		 accepted taxed exempted subjected
Less than 6 months individually Not
accepted		 taxed subjected subjected

- Foreign vehicle

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Classification Expected date of stay Moving items Tax imposition Self-certification Environment certification
Person moving More than a year accepted taxed exempted exempted
Person partly moving Between 6 months
and 1 year accompanying family		 accepted taxed exempted Citizen: omitted
Permanent resident: omitted
Foreigner : subjected
transients Between 6 months and 1 year individually Not
accepted		 taxed subjected subjected
Less than 6 months individually Not
accepted		 taxed subjected subjected
Identification of domestic vehicles exported out of the country
Whether the vehicle is exported from Korea, standard to which the vehicle is taxed, is decided by the country the vehicle was manufactured in. Customers must check the country of which the vehicle was manufactured in.

Vehicles that were manufactured in Korea and exported out of the country have the VIN that starts with K.

If the domestic vehicles bought from a different country is not manufactured in Korea,
a case where the VIN does not start with K, example: a Hyundai Sonata manufactured in Alabama, United States, they are subject to same taxation fees as foreign vehicles do.
The taxation standard of vehicles
Information on the taxation standard
Taxation price tariff = (price of new vehicles like Blue Book X depreciation remaining amount) + charge + insurance fee

- Kelley Blue Book: Price tag of the vehicle that proposes the average rate of domestic cars in the United States
- When buying a new vehicle, taxable value is acknowledged after examining the documents regarding the actual sales price.
- Depreciation remaining amount = remaining amount, where the value of utilization was subtracted from. Used up value of utilization is computed from the first date of registration to the date of import declaration
Taxation value and calculation of tax amount of vehicle
Information on taxation standard
Expected tax amount of vehicle and moving items (26% of taxable value of tariff)

The approximate rates differ depending on the list price, freight rates, premiums, exchange rates, initial registration date of the vehicle and the date of import declaration

Tax Amount To Be Paid = Total of [Tariff (A) + Individual Consumption (B) + Education Fee (C) + VAT (D)] - Tariff (A) = Taxable value of tariff X Tariff rate (8%)

- Individual Consumption (B) = [Taxable value of tariff + Tariff (A) X Individual consumption rate (5%)

- Education Fee (C) = Individual consumption (B) X Education fee rate (30%)

- VAT (D) = [Taxable value of tariff + Tariff (A) + Individual consumption X VAT rate (10%)]

Vehicle and electronic two-wheeled vehicle

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Car model classification Durable
period		 Procedure
period		 Less than a month Less than two months Less than three months Less than four months Less than five months Less than six months Less than seven months Less than eight months Less than nine months Less than ten months Less than eleven months Less than a year
Vehicle 12 years 0 100.0 97.50 95.00 92.50 90.00 87.50 85.00 83.63 82.27 80.90 79.53 78.17
1 76.80 75.82 74.83 73.85 72.87 71.88 70.90 69.92 68.93 67.95 66.97 65.98
2 65.00 64.11 63.22 62.33 61.43 60.54 59.65 58.76 57.87 56.98 56.08 55.19
3 54.30 53.48 52.67 51.85 51.03 50.22 49.40 48.68 47.77 46.95 46.13 45.32
4 44.50 43.73 42.97 42.20 41.43 40.67 39.90 39.13 38.37 37.60 36.83 36.07
5 35.30 34.58 33.85 33.13 32.40 31.68 30.95 30.23 29.50 28.78 28.06 27.33
6 26.60 25.95 25.30 24.65 24.00 23.35 22.70 22.05 21.40 20.75 20.10 19.45
7 18.80 18.34 17.88 17.43 16.97 16.51 16.05 15.59 15.13 14.68 14.22 13.76
8 13.30 13.03 12.75 12.48 12.20 11.93 11.65 11.38 11.10 10.83 10.55 10.28
9 10.00 9.92 9.83 9.75 9.67 9.58 9.50 9.42 9.33 9.25 9.17 9.08
10 9.00 8.92 8.83 8.75 8.67 8.58 8.50 8.42 8.33 8.25 8.17 8.08
11 8.00 7.92 7.83 7.75 7.67 7.58 7.50 7.42 7.33 7.25 7.17 7.08
12 7.00 - - - - - - - - - - -
ESlectronic twowheeled vehicle 6 years 0 100.0 97.00 94.00 91.00 88.00 85.00 82.00 77.70 73.40 69.10 64.80 60.50
1 56.20 55.38 54.57 53.75 52.93 52.12 51.30 50.48 49.67 48.85 48.03 47.22
2 46.40 45.17 43.93 42.70 41.47 40.23 39.00 37.77 36.53 35.30 34.07 32.83
3 31.60 30.76 29.92 29.08 28.23 27.39 26.55 25.71 24.87 24.03 23.18 22.34
4 21.50 20.93 20.37 19.80 19.23 18.67 18.10 17.53 16.97 16.40 15.83 15.27
5 14.70 14.31 13.92 13.53 13.13 12.74 12.35 11.96 11.57 11.18 10.78 10.39
6 10.00 - - - - - - - - - - -

※ Remaining rate applies by the unit of one month, and if it’s more than 16 days, it is considered as a month and if it is less than 15 days, it is not considered as a month.
Notes on Vehicle clearance
Notes on Clearance
You have to submit documents that can verify your registration such as car registration and certification of ownership. If you cannot submit these, the cargo cannot go through clearance.

The vehicle is included as a moving item should be inserted in the import declaration. It also has to be registered under the name of the person moving. Other names cannot be used.

If you import more than two vehicles, only one is acknowledged as a moving item and the other vehicles have to go through the general import clearance process.