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We will provide you with detailed information on the compact vehicle fuel tax refund system, how to use it, and even cards with good benefits.
Compact cars are often referred to as economical cars because they have a small body, are easy to park, and have low maintenance costs. Additionally, the government encourages the use of light vehicles by providing many benefits.
A representative government support system is the light vehicle fuel tax refund system. With the reform of the light vehicle fuel tax refund system in 2017, the light vehicle fuel tax, which was refunded from 100,000 won per year, was increased to 200,000 won. However, there are many people who do not know about the system and do not receive the benefits.
So what is the light vehicle fuel tax refund system and how can it be used? Bank Salad has completely summarized the compact vehicle fuel tax refund system and how to use it!
The light vehicle fuel tax refund system is a system implemented to increase the supply of light vehicles and ease the burden on the working class. This is a system that allows owners of compact vehicles with an engine displacement of less than 1000cc to receive a partial refund of fuel tax when they refuel with a fuel purchase card. This system was introduced temporarily from May 2008 to the end of December 2009, but has been extended and is currently scheduled to be implemented until the end of 2018.
Additionally, the limit for the light vehicle fuel tax refund system will be raised from 100,000 won to 200,000 won starting April 10, 2017. The range of card choices has expanded as the fuel purchase only card, which was previously issued only by Shinhan Card, can now be issued by Lotte and Hyundai Card from September 1.
Refunds are eligible for light passenger cars or vans of less than 1000cc. Specific car types include passenger cars such as Morning, Ray, Spark (Matiz), and Atos (discontinued), and vans such as Damas and Labo. However, only one light vehicle per household is applicable, and corporate-owned vehicles and official (commercial) vehicles under personal names are excluded from the benefit.
Owns one light passenger car and one (light) van / Owns one light passenger (van) and one truck / Owns one light passenger (van) in joint name (only one person) / Light passenger (van) ) The owner of one car is a business owner
Owns 1 light passenger car and 1 passenger car / Owns only 1 light passenger car (van), but is eligible for fuel cost support for the disabled or a person of national merit / If there was 1 light passenger car (van) but now has 2 vehicles due to the combined price of the household (Later, the household (eligible for refund if separated) / If the owner of the compact car is a minor who cannot receive a credit/check card
The refund method is simple. When refueling, if you use a fuel purchase card for a light vehicle refund, the refund amount per liter will be deducted from your credit card billing amount. In the case of a check card, the refund amount per liter is deducted from the bank account withdrawal amount. Gasoline and diesel are refunded 250 won per liter, LPG is refunded 160.82 won per leader, and butane is refunded 275 won per kg. Users do not need to apply for a separate refund to the tax office as the credit card company applies for refund all at once.
Fuel purchase cards, which were only issued by Shinhan Card, can now be issued by Hyundai Card and Lotte Card starting in September. We compared the benefits of each card company other than the fuel tax refund benefit and selected the BEST light vehicle fuel purchase card that provides the most benefits.
>> View details on Hyundai Card M-light vehicle exclusive card (fuel tax refund) benefits
Hyundai Card M – compact car card (fuel tax refund) is characterized by providing significant gas discount benefits. When refueling at Hyundai Oilbank or SK Energy, a billing discount of 200 won or 400 won per liter is provided depending on the performance of the previous month. Additionally, there is a billing discount of 100 won or 200 won per liter at all LPG charging stations.
It is a useful card for those who own their own car because it provides discounts on car insurance and vehicle maintenance services.
>> View details on compact car smart Lotte Card benefits
The Lotte compact car SMART card provides discount benefits in various areas, including gas, public transportation, and shopping. Although the gas discount benefits are less than the Hyundai Card, it is a good card for receiving benefits in everyday life such as public transportation, shopping, beauty, and amusement parks.
If you are someone who considers discount benefits in everyday life more than paying for gas, we recommend that you consider the compact car smart Lotte card.
However, you must achieve more than 300,000 won in previous month’s performance, and make sure to check that the integrated discount limit is set at 5% of the previous month’s usage amount!
So, what is a good card to use with the light vehicle fuel tax refund card? You can find a card with more benefits by using ‘Find My BEST Card’, which finds the BEST card according to your spending patterns and circumstances. Click the link now to find the card with great benefits that is right for you.
>> Go to find a card with good benefits for yourself
This post was created by Bank Salad without compensation.
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