Songpa-gu Imposes 94937 Cases of Registered License Tax (License Section) Totaling 3.3 Billion KRW

[Asia Economy Reporter Jongil Park] Songpa-gu (Mayor Park Seong-su) imposed a registration license tax (license portion) of 3.3 billion KRW on 94,937 cases for the regular January 2021 period.

The registration license tax is a tax imposed on the establishment of rights or acceptance of reports related to specific business facilities or activities such as various permits, approvals, registrations, and designations.

It targets individuals or corporations holding licenses such as food service businesses, real estate brokerage, hospitals and pharmacies, telemarketing businesses, and freight automobile transportation businesses.

The imposed registration license tax this time was differentially imposed from 67,500 KRW (Type 1) to 18,000 KRW (Type 5) according to the type and category of the license as of January 1 each year.

Payments can be made using the 'Electronic Payment Number' available without bank fees, or through internet/mobile banking, bank counters, ATMs, CDs, the E-TAX system, ARS, the 'Seoul City Tax Payment' application, KakaoPay, and more.

If the tax bill is lost or not received, it can be reissued at the tax departments of all district offices in Seoul or at the local community service centers. The payment deadline is February 1. Additionally, if the payment deadline passes, a 3% surcharge will be applied, and disadvantages such as license cancellation or suspension may occur.

For more detailed information about the registration license tax, inquiries can be made through the Resident License Tax Team of the Tax Administration Division at Songpa-gu Office.

Kang Bong-gi, head of the Tax Administration Division, stated, “As this is a valuable resource for the development of the local community, we will carry out trusted tax administration based on thorough verification and systematic management.”

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