Gwanak-gu Operates April Corporate Local Income Tax Filing and Payment Period

Extension of Corporate Local Income Tax Payment Deadline by 3 Months for Small and Medium Enterprises Affected by Assembly Bans and Business Restrictions

[Asia Economy Reporter Jong-il Park] Gwanak-gu (Mayor Park Jun-hee) is operating the corporate local income tax filing and payment period until the 30th of this month in celebration of April as the month for corporate local income tax filing and payment.

Corporate local income tax must be filed even if a corporation with a December fiscal year-end and a business location in the region has no income or has a loss from the previous year. Corporations with business locations in two or more local governments must file and pay by apportioning according to each business location.

To prevent the spread of COVID-19, electronic filing via Wetax and Etax is prioritized. For visitors filing in person, a filing and payment guidance desk is set up at the Local Income Tax Division office on the 2nd floor of the district office, providing internet filing guidance and civil service consultation.

Payments can be made through various methods including Wetax, Etax, mobile (S-tax, Smart-tax), internet banking, credit card, and simple payment services.

Meanwhile, for companies affected by COVID-19, the payment deadline has been extended from the original end of April to the end of July, an extension of three months.

The target is small and medium-sized enterprises in industries subject to gathering bans or business restrictions due to COVID-19 quarantine measures. Those corporations whose corporate tax payment deadlines have been extended ex officio will have the extension applied automatically without a separate application.

In addition to the above industries, corporations that have suffered significant business losses or are facing serious business crises due to COVID-19 may apply separately for an extension.

If the application for extension of the local tax payment deadline is submitted by mail or fax to the Local Income Tax Division of Gwanak-gu Office by April 27, three days before the filing and payment deadline, the deadline can be extended within a range of six months (up to one year) after review.

For detailed filing and payment guidance, please contact the Local Income Tax Division of Gwanak-gu Office.

Mayor Park Jun-hee said, “Through the extension of the corporate local income tax payment deadline, I hope to alleviate the difficulties of small and medium-sized enterprises affected by COVID-19 and help maintain business management and employment.”

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