Country:Korea
Year:2004
Policy status:In Force
Jurisdiction:National
Date Effective:2004
Policy Type:Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Transport>Vehicle type>Passenger vehicles
Description:

The government encourages the purchase of light fuel-efficient cars. Various incentives including tax reduction for light cars, such as a 2% registration fee instead of the 5% for large or medium-sized vehicles and a 50% deduction in the licence fee are provided.

Last modified: Mon, 30 Oct 2017 13:39:29 CET