tax schedule in Korea 썸네일형 리스트형 April 2025 Tax schedule in Korea 1.VAT payment for individual business owners (25th Apr)If you own business as an individual, you will receive a VAT payment bill from the tax authority. Even if you don't file VAT returns, you are required to pay half of the VAT amounts you paid during your last VAT filing. This is an advance tax payment that will be deducted from your next VAT filing (4/25) 2.VAT filing for corporations (25th A.. 더보기 March Tax schedule in Korea 1.Corporate inocme tax filing (31st Mar)If you run a corporate business in Korea, corporate income tax filing is one of the most important tax filings of the year. You need to pay taxes on your company’s profits by submitting a corporate income tax return to the tax office and making the payment by the end of March.The deadline for filing is three months after the end of the fiscal year, which i.. 더보기 February Tax schedule in Korea 1.Preparation for Year-end tax settlement Nevertheless, the legal due date for the year-end tax settlement for employees is March 10th, but every company should complete the process in February (and many companies do it in January as well).Year-end tax settlement applies only to individuals working as employees of a company.If you are an individual business owner, you do not need to do a year-en.. 더보기 November Tax schedule in Korea 1.Withholding tax filing(11/11)When you pay your employees a salary, it is your responsibility to deduct taxes from their salary before paying them.*For example, if your employee has a contracted salary of 2,500,000 KRW, you must deduct 35,600 KRW for taxes, and pay your employee 2,464,400 KRW. The 35,600 KRW you deducted must be reported on a withhold tax return and paid to the tax office on be.. 더보기 October Tax schedule in Korea 2024 1.Withholding tax filing(~10/10)When you pay your employees a salary, it is your responsibility to deduct taxes from their salary before paying them.*For example, if your employee has a contracted salary of 2,500,000 KRW, you must deduct 35,600 KRW for taxes, and pay your employee 2,464,400 KRW. The 35,600 KRW you deducted must be reported on a withhold tax return and paid to the tax office on b.. 더보기 September Tax schedule 1.Withholding tax filing(~9/10)When you pay your employees a salary, it is your responsibility to deduct taxes from their salary before paying them.*For example, if your employee has a contracted salary of 2,500,000 KRW, you must deduct 35,600 KRW for taxes, and pay your employee 2,464,400 KRW. The 35,600 KRW you deducted must be reported on a withhold tax return and paid to the tax office on be.. 더보기 August Tax schedule you should not miss! ln this month as the due dates are on weekend(8/10 - Saturday/ 8/31 - Saturday) the due dates for the each taxes are extended to next Monday(8/10 -> 8/12 , 8/31 -> 9/2) 1.Interim Corporate income tax filing (~9/2)Corporations must prepare a financial statement for the first half of the year (January 1st to June 30th). Based on this financial statement, corporations should file a corporate incom.. 더보기 Important July Tax schedule 1.VAT filing & payment (~7/25) Nobody can deny that the most important tax schedule in July is VAT filing. The VAT return includes the company's revenues and costs and is reported to the tax office. This means that the company's revenues and costs are finalized. Once reported, it is difficult to correct these figures, so VAT filing is crucial. Unlike April's VAT filing, which only corporation f.. 더보기 이전 1 2 다음 목록 더보기
