Mokpo City 2020 Personal Local Income Tax Filing and Payment System Improvement
Due to the enforcement of the revised Local Income Tax Act, individual local income tax must be reported and paid to local governments
Employees will be stationed at Mokpo Tax Office until February to minimize citizen inconvenience such as issuing tax
[Asia Economy Honam Reporting Headquarters Reporter Jeong Hyeong-seok] Mokpo City announced on the 16th that starting this year, the related system has been improved so that taxpayers can report and pay their individual local income tax more easily and conveniently.
The city stated that, following the amendment to the local income tax law which has been in effect since the 1st of this month, requiring national income tax to be reported and paid at the tax office and local income tax to be reported and paid at local governments respectively, Mokpo City and Mokpo Tax Office will jointly operate a customized local income tax reporting and payment system to minimize inconvenience for citizens.
For capital gains income, Mokpo City officials will be stationed at Mokpo Tax Office until February to accept local income tax reports together with national capital gains tax reports and issue payment notices.
For capital gains income with tax obligations arising after January 1, 2020, the reporting deadline has been extended by two months compared to the national capital gains tax, and if the national tax is reported, even if there is no local income tax reporting, the city will send a local income tax payment notice, and payment of this will be considered as having reported.
Also, during the comprehensive income tax final reporting period in May, taxpayers can choose to visit the ‘Reporting Center’ set up at the tax office or city hall to report both national and local taxes simultaneously.
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For more detailed information regarding this matter, please contact the Taxation Division of Mokpo City.
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