'Corporate Business Owners' Must File and Pay Value-Added Tax by the 25th

600,000 corporate taxpayers must file and pay the '2023 2nd Term Estimated Value-Added Tax' by the 25th of this month.

2.18 million individual general taxpayers and 170,000 small corporate taxpayers whose total supply value in the previous tax period (6 months) is less than 150 million KRW can pay the tax amount indicated on the estimated tax bill sent by the National Tax Service by the 25th.

Taxpayers required to file can use the 'Pre-fill Service' on the National Tax Service Hometax website to easily and conveniently complete the main items of the tax return. If there is no business performance, filing is also possible via the mobile Hometax app.

Individual general taxpayers and small corporate taxpayers must pay 50% of the tax amount paid in the previous tax period (January 1 to June 30 of this year), excluding amounts under 500,000 KRW.

Voluntary tax payments can be made via account transfer, credit card, or simple payment through Hometax (PC or mobile). Payments can also be made directly at unmanned tax office payment counters (credit card) or financial institutions.

An official from the National Tax Service stated, "The National Tax Service provides as much practical information as possible before filing to help taxpayers file accurately. We conduct verification of filing details for dishonest filers, and especially select those with significant evasion suspicions as investigation targets for thorough examination."

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