National Tax Service "File and Pay Value-Added Tax for January"

7.35 Million VAT Filers... 320,000 More Than Last Year

[Asia Economy Reporter Kwangho Lee] January is the month for final VAT filing and payment, and individual and corporate business operators must file and pay VAT for the business performance during the reporting period by the 28th of this month.

The National Tax Service (NTS) announced on the 8th that the total number of VAT filers this time is 7.35 million, including corporate business operators (960,000), individual business operators (4.49 million general, 1.9 million simplified), which is an increase of 320,000 compared to last year's final filers (7.03 million).

The NTS provides customized filing assistance materials analyzed through big data, external data, and tax infrastructure via the Hometax 'Filing Assistance Service' to ensure no inconvenience in filing. The Filing Assistance Service can be automatically accessed from the first screen of Hometax electronic filing.

In particular, small-scale business operators can conveniently file without visiting the tax office by using the newly introduced ARS and mobile application (app) this year.

To enhance convenience, filing guidelines by industry and mobile filing method videos have been posted on the NTS website and YouTube.

During this filing period, the NTS plans to visit 136 traditional markets and business organizations nationwide to support tax filing and consultation on-site.

If visiting the tax office is unavoidable, visiting on the following dates with an ID card can help avoid crowded counters and complete filing quickly: real estate rental business from the 8th to the 14th, lodging and service industries from the 14th to the 16th, transportation and freight industries from the 17th to the 21st, and other industries from the 17th to the 23rd.

An NTS official advised, "Since the Lunar New Year holiday falls during the filing period this year, congestion may occur before and after the holiday, so filing as early as possible will allow for a more convenient process."

This content was produced with the assistance of AI translation services.