If a used car imported by a foreign investor wants to be recognized as freight, the car has to be registered as private possession before departure (at least three months)
In this case, for a car per a house, it is exempted from the duties if the car was made in Korea and then exported. However, for a car per a house, it has to be paid customs duty if the car was made in foreign country regardless of used period.
In order to pass through the customs clearance, the car should be a sedan, jeep or station wagon and the size of the car should not be exceed a capacity of 9 people, and documents that prove evidence of registration including a car registration issued by government of the country where has been or certificate of insurance have to be submitted. However, large trucks, caravans and pick-up trucks cannot clear customs as freight when moving to Korea.
Customs duties for a car are following, and for a used car, if the actual paid price cannot be found, customs duty is calculated by taking reference to the list of price in the blue book by taking also the depreciation cost and insurance fee into consideration.
Classification | Customs (%) | Special Expenditure Tax (%) | Educational Tax (%) | Value Added Tax (%) | Total (%) |
Over 2000cc | 8 | 10 | 30 | 10 | 34.24 |
800~2000cc | 8 | 5 | 30 | 10 | 26.52 |
Under 800cc | 8 | 10 | 18.80 |