Article 457Delinquency Charges on Light Motor Vehicle Tax Paid After the Due Date for Payment

①A taxpayer of light motor vehicle tax who pays the tax after the due date for payment under Article 450 (if the due date for payment has been extended, the extended due date for payment; the same applies hereinafter in this Article, paragraph (1) of the following Article and Article 460) must pay it with an amount of delinquency charge added, equivalent to the amount calculated by multiplying the tax amount by a rate of 14.6 percent per annum (7.3 percent per annum for the period until the day on which one month has passed from the day following that due date for payment) in accordance with the number of days in the period from the day following the due date for payment until the date of payment.

②The mayor of the municipality may reduce or exempt the amount of delinquency charge under the preceding paragraph if the mayor finds that there were unavoidable grounds for the taxpayer's failure to pay the tax by the due date for payment under Article 450.