Article 109-4 (Reduction or Exemption of Individual Consumption Tax on Automobiles)

Notwithstanding Paragraph ①, if a taxpayer as defined in Article 3 of the 「Act on Individual Consumption Tax」 has paid or is liable to pay individual consumption tax on an automobile that meets all of the following requirements, such taxpayer may, by June 30, 2020, report to the head of the competent tax office or the head of the competent customs office, attaching supporting documents such as a certificate of inventory verification, sales verification, or refund application for the said automobile as determined by the Commissioner of the National Tax Service or the Commissioner of Customs, and may receive a refund of the reduced tax amount or a deduction from the tax payable, considering the release from the manufacturing plant or customs declaration thereof as having occurred after March 1, 2020. 1. The automobile must have been released from a manufacturing plant or imported after customs declaration before February 29, 2020. 2. The automobile manufacturer, importer, or wholesale or retail dealer must have possessed the said automobile as of March 1, 2020, at a location designated by the Commissioner of the National Tax Service or the Commissioner of Customs, such as a subordinate warehouse, direct sales store, or bonded area. 3. The automobile manufacturer, importer, or wholesale or retail dealer must sell the said automobile to a consumer between March 1, 2020, and June 30, 2020.