Uljugun Sends Out August Local Resident Tax Notices... Operates Simplified Reporting Service

"Additional Tax Imposed for Omitted Reports...
Urging Payment Within the Deadline"

Uljugun in Ulsan has begun full-scale administrative measures by sending out payment notices reflecting the current status of business establishments ahead of the August deadline for reporting and paying the local resident tax (business establishment portion).

On August 7, Uljugun stated, "To enhance taxpayer convenience, we have sent out payment notices with the tax amount already filled in," and added, "We are also operating a simplified reporting service."

The local resident tax (business establishment portion) is imposed on individual business owners (with a value-added tax base of at least 80 million won in the previous year) and all corporate business owners who have business establishments within Uljugun as of July 1. The tax amount is calculated by adding the basic tax amount and the area-based tax amount.

The basic tax amount is 50,000 won for individual business owners. For corporate business owners, it ranges from 50,000 won to a maximum of 200,000 won, depending on the size of their capital. The area-based tax amount applies only to business establishments with an area exceeding 330 square meters, with a charge of 250 won per square meter.

The deadline for reporting and payment is September 1. If taxpayers pay the amount specified on the payment notice as it is, the process is completed without the need for a separate report, thanks to the simplified system.

However, if a taxpayer does not receive the payment notice or if the details such as area do not match the actual business establishment, the taxpayer must directly correct, report, and pay the tax.

An official from Uljugun emphasized, "Since the local resident tax must be self-reported according to the actual status of the business establishment, taxpayers should carefully compare the payment notice with the actual situation. If the reporting or payment deadline is missed, penalties such as additional taxes may be imposed, so it is important to take action within the deadline."

Uljugun Office.

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