Ulsan City Imposes 4.9 Million Resident Tax Cases Worth 13.5 Billion Won in August
Payment Deadline August 16-31
Payment Available via Wetax, ARS, and More
Ulsan City announced that it will impose a total of 490,284 cases and KRW 13,515,350,000 in resident tax in August, the month for resident tax payment.
The scale of imposition by district and county is ▲ Jung-gu: 91,263 cases, KRW 1,612,890,000 ▲ Nam-gu: 141,620 cases, KRW 3,346,300,000 ▲ Dong-gu: 64,176 cases, KRW 1,761,240,000 ▲ Buk-gu: 88,918 cases, KRW 1,983,120,000 ▲ Ulju-gun: 104,307 cases, KRW 4,811,800,000.
The individual portion of the resident tax is a fixed amount of KRW 10,000 imposed annually on the head of household residing in Ulsan City as of July 1.
For the business portion, taxpayers must report and pay an amount consisting of △ a basic tax amount ranging from KRW 50,000 to KRW 200,000 depending on capital and △ an additional tax of KRW 250 per square meter for business sites exceeding a total floor area of 330㎡.
The payment deadline is from August 16 to August 31, and payments can be made directly at financial institutions, through ATMs, virtual accounts, or via the Wetax and Giro websites.
Additionally, by applying for local tax payment services using the ‘Smart Wetax’ app on smartphones, apps of various financial institutions, or simple payment apps such as KakaoPay and Naver Pay, payment details can be received quickly and accurately.
Moreover, using the automatic response system (ARS) toll-free phone service allows convenient credit card payment 365 days a year without a tax bill.
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An official from Ulsan City urged, “Please make the payment within the deadline as additional charges and other disadvantages will occur if the payment deadline is missed.”
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