Please Pay Resident Tax Business Office Portion by the End of August

[Seoul District News] Geumcheon-gu Accepts Resident Tax Business Reports and Payments Until August 31... Seocho-gu Operates Free Saturday Tax Consultations

[Asia Economy Reporter Jongil Park] Geumcheon-gu (Mayor Yuseonghun) announced that it will accept declarations and payments for the resident tax business place category until August 31.

The 'resident tax business place category' integrates the resident tax property category paid by business owners in July and the equal category (individual business owners, corporations) paid in August. Last year, the Local Tax Act was amended to simplify the tax items into the business place category and unify the payment deadline to August.

Geumcheon-gu plans to send out resident tax business place payment slips collectively by early August to minimize disadvantages caused by missed declarations and payments.

If taxpayers pay the amount stated on the payment slip by the deadline, it is recognized as a proper declaration even without a separate declaration procedure.

The obligation to pay resident tax business place category lies with individual business owners and corporations that have business places in Geumcheon-gu as of the tax base date (July 1). For individual business owners, only those with a value-added tax base amount of 48 million KRW or more in the previous year are subject.

The basic tax rate ranges from 50,000 to 200,000 KRW, and business places exceeding 330㎡ in total floor area must additionally report and pay 250 KRW per square meter.

Declarations and payments can be made via eTax or by visiting the district office directly, and after declaring by mail or fax, payments can be conveniently made through virtual accounts, credit cards, ARS, etc.

Yuseonghun, Mayor of Geumcheon-gu, said, "Although the amendment of the Local Tax Act last year simplified the resident tax items and unified the payment period, improving taxpayer convenience, some confusion is expected this year, the second year of the amendment. We will actively promote to prevent inconvenience to residents."

Seocho-gu (Mayor Jeonseongsu) announced that it will operate the '2022 Toto Tax, Saturday Free Tax Consultation Day' until the end of the year to solve tax concerns of workers who find it difficult to visit the district office for tax consultations on weekdays.

This consultation will be held from August 13 in the consultation room on the 7th floor of the district office's Tax Management Division every 2nd and 4th Saturday of the month from 10 a.m. to 12 p.m.

The consultation operates by prior reservation, accepting six people per session on a first-come, first-served basis, and is conducted as a one-on-one consultation within 20 minutes per person. The consulting tax accountants are appointed and operated in a talent donation format, recommended by local village tax accountants and the Korean Association of Tax Accountants.

The consultation covers local taxes such as property tax, which residents are most curious about, as well as comprehensive real estate tax, capital gains tax, inheritance tax, and gift tax. In particular, tax accountants will provide know-how on calculation methods due to holding tax increases, housing official price assessment methods, and tax-saving measures.

Anyone registered as a resident in Seocho-gu can make a reservation through the district office website. However, for August, the first month of operation, applications are only accepted by phone through the Seocho-gu Tax Management Division.

Meanwhile, the district operates the 'Seocho OK Life Advisory Group,' providing free one-on-one consultations with tax accountants every Tuesday. It also runs the 'Village Tax Accountant' system, where tax accountants designated by village (dong) units provide free tax consultations.

Jeonseongsu, Mayor of Seocho-gu, said, "We will continue to provide tax administration that is practically helpful for residents' tax concerns and questions."

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