Damyang-gun Extends Local Income Tax Payment by 3 Months for SMEs Affected by COVID-19

'April is the month for corporate local income tax filing and payment', payment promotion underway

[Damyang=Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] On the 5th, Damyang-gun, Jeollanam-do announced that it will unilaterally extend the payment deadline for corporate local income tax by three months, from the end of April to the end of July, for small and medium-sized enterprises in restricted business sectors due to COVID-19 quarantine measures.

Corporations with fiscal year-end in December and business sites in the jurisdiction must file and pay the corporate local income tax for the 2020 fiscal year income by the 30th, submitting the ‘Tax Base and Tax Amount Report’ and attached documents. However, small and medium-sized enterprises granted the extension benefit can receive it automatically without a separate application.

Corporate local income tax filing and payment can be done through the local tax electronic system, Wetax, or by mail or in person at the Tax Accounting Division of Damyang County Office.

A county official requested, “Although corporate local income tax filing is possible electronically, by mail, or in person, we strongly encourage using non-face-to-face electronic filing via Wetax rather than visiting in person to prevent COVID-19.”

Meanwhile, ahead of the 2021 corporate local income tax final filing period, Damyang-gun has undertaken various promotional activities, such as sending guidance letters to about 2,000 business sites in the jurisdiction to help taxpayers fulfill their tax obligations faithfully.

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