Naju-si, Operation of Corporate Local Income Tax Filing and Payment Period

[Asia Economy Honam Reporting Headquarters Reporter Lee Han-hyuk] Naju City, Jeollanam-do (Mayor Kang In-gyu) announced on the 2nd that it is operating the 'April Corporate Local Income Tax Filing and Payment Period' for corporations with business sites in the jurisdiction.

Corporations subject to local income tax filing must file and pay the corporate local income tax for the income attributable to last year to the local government having jurisdiction over the corporation's head office or business site by April 4th.

If a corporation has business sites in two or more local governments, it must file and pay separately for each by apportionment. If filing is made to only one local government without apportionment, a non-filing penalty tax will be imposed, so caution is required.

Filing can be done by accessing Wetax, visiting or mailing the tax department of the local government having jurisdiction over the business site, and payment can be conveniently made through bank CD/ATM machines, virtual accounts, ARS services, etc.

The city extends the payment deadline for local income tax for corporations that have suffered direct or indirect damage due to the prolonged COVID-19 pandemic.

Since this is an extension of the payment deadline, corporations must file within the deadline (by May 4th) and submit the payment deadline extension application form and damage proof documents to the tax department by mail or fax at least three days before the payment deadline expires.

A city official said, "To prevent COVID-19 and because many people may visit near the deadline, we hope corporations will file and pay early through Wetax," and added, "We will continue to promote filing and payment within the deadline so that corporations in the jurisdiction do not suffer disadvantages."

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