Hwasun-gun Imposes and Notifies 310 Million Won in Regular Resident Tax

[Hwasun=Asia Economy Honam Reporting Headquarters Reporter Kim Ji-woon] Hwasun County, Jeollanam-do (Governor Gu Chung-gon) announced on the 12th that it has imposed and notified 310 million KRW in regular August resident tax (individual portion).

The taxable subjects are individual household heads residing in the county as of the 1st of last month. Recipients under the National Basic Livelihood Security Act, minors, and unmarried single household heads under 30 years old who are direct descendants of taxpayers are exempted.

The county stated that due to the revision of the Local Tax Act, the previous resident tax property portion, which was reported and paid every July, and the resident tax individual business owner and corporate equalization portions, which were imposed in August, will be integrated into the 'resident tax business place portion' reported and paid in August starting this year.

The 'resident tax business place portion' is the sum of the existing corporate equalization basic tax amount and the existing property portion floor area rate. For corporations, the basic tax amount is reduced from the previous maximum of 500,000 KRW to 200,000 KRW.

The payable tax amount, including local education tax, is 11,000 KRW and must be paid by the 31st of this month.

Payment methods include all financial institutions nationwide, virtual accounts, Wetax, and the Smart Tax Bill app.

The county has sent payment slips by mail, and if payment is made within the deadline, it is considered as reported and paid without separate reporting.

A county official said, "Financial institution counters are expected to be crowded and internet access may be congested near the payment deadline," and added, "We ask that payments be made early within the payment period."

Hwasun=Asia Economy Honam Reporting Headquarters Reporter Kim Ji-woon rosaria0704@asiae.co.kr

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