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Tax
            image Taxes in Korea are divided in national taxes and local taxes. When purchasing products and services all taxes (for instance, value-added tax, acquisition tax, etc.) that apply at the moment of purchase must be paid.

Other applicable taxes must be paid in accordance with the bill within the determined period.
 
Property tax
Property tax is imposed on June 1 of every year to owners of land, buildings, houses, ships, and aircraft. Written notices are sent to the address or the location of use by the 15th of the month when payment must be made.
Payment period Amount of payment Taxpayer Notice
July 16-31 1/2 of property tax for housing, property tax for buildings, property tax for ships and aircraft Current owner as of June 1 of every year ※ When property tax for housing is less than KRW 50 thousand, the whole amount will be notified in July
September 16-30 1/2 of property tax for housing, property tax for land Current owner as of June 1 of every year ※ When property tax for housing is less than KRW 50 thousand, the whole amount will be notified in July
 
Automobile tax
Automobile tax is collected from the owner of the vehicle on June 1 and December 1 of every year. Written notices are sent to the address or the location of use by the 15th of the month when the tax has to be paid.
Periods Taxation period Basic date for taxation Payment period
First period January to June June 1 June 16-30
Second period July to December December 1 December 16-31
 
Resident tax
Resident tax is imposed on residents who live in an area covered by a local government. There are two types of resident tax: “per capita based resident tax,” which is imposed regardless of the size of income and “income-based resident tax,” which depends on the amount of income.
Payment
① Per capita resident tax: every year in August 16-31 (basic date of taxation is August 1)
② Income-based resident tax
③ Corporation tax-based resident tax: within four months after the date ending the business year
④ Capital gains/global income based resident tax: before the expiration date of income tax registration period (collected with income tax), etc.
※Inquiries: First Tax Collection Division, Yongsan-gu Office ( 02)710-3346 7, Property tax), Second Tax Collection Division
Tax-related counseling service organizations
① International Tax Division, the Ministry of Finance and Economy
 
Telephone: 02-2110-2201~5
Fax: 02-503-9229
URL: http://www.mofe.go.kr
② Seoul Regional Tax Office
Telephone: 02-397-2200
Fax: 02-736-7234
URL: http://s.nts.go.kr
③ Yongsan-gu District Tax Office (Yongsan District Tax Office)
Location: 65-342, Hangangno 3-ga, Yongsan-gu, Seoul 10 minutes walk toward Dongjak Bridge from Yongsan Station, Subway Line I
Telephone: 02-748-8200/748-8241 (English service available from Tax Information Center)
Fax: 02-792-2619
URL: http://s.nts.go.kr

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