Damyang-gun Operates 'Business Place Resident Tax' Filing and Payment Period Until the 31st

Integration and Reform of Existing Resident Tax Property and Equal Shares (Individual Business Owners and Corporations) into Business Place Tax

[Damyang=Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Jeonnam Damyang-gun announced on the 12th that it is operating the resident tax filing and payment period until the 31st.

Starting this year, local taxes have been reorganized with a taxpayer-centered approach by simplifying the resident tax into three categories: individual, business place, and employee, and unifying the payment deadline to August for taxpayer convenience.

The main changes in the reorganization include changing the resident tax property portion, which was filed and paid in July, and the resident tax (individual business owners and corporate equalization portion) paid in August, into a method of filing and paying the 'resident tax business place portion' in August by integrating them.

Also, through changes in the resident tax rate system, for corporate businesses, the employee number criterion has been removed and simplified to a single standard based on capital amount (investment amount).

For individual business owners, the standard of 48 million won or more based on the value-added tax taxable base (total revenue for tax-exempt businesses) is maintained.

To minimize taxpayer inconvenience, the county sent payment slips by mail in early August to all taxpayers, which included the basic tax amount (50,000 to 200,000 won) and the total area tax amount (250 won per 1㎡ if the total business place area exceeds 330㎡) for business owners who had business places in Damyang-gun as of last month.

Payment methods include convenient options such as bank payment, Wetax, and Nonghyup virtual accounts. However, business owners who had automatic transfer set up must pay directly from this year as automatic transfer is no longer available.

A county official said, “Since it is the early stage of the tax system change, we will focus on public awareness to ensure there is no confusion in filing and payment.”

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