Gyeongju Imposes 4.4 Billion KRW in Annual Resident Tax for 2024... 11,000 KRW Per Household Head

On August 18, the city of Gyeongju announced that it has imposed a total of approximately 4.4 billion KRW in this year's regular resident tax, including 118,000 cases amounting to 1.29 billion KRW for individuals and 17,000 cases totaling 3.2 billion KRW for business establishments.

The individual resident tax applies to heads of households who have their registered address in Gyeongju as of July 1.

Each head of household is charged 11,000 KRW (including local education tax), and the payment period is from August 16 to September 1.

The business establishment tax must be paid by individual and corporate business operators with business locations in Gyeongju.

For individual business owners, those whose sales (tax base) exceeded 80 million KRW last year are subject to the tax.

Aerial view of Gyeongju City Hall

If the business premises are 330 square meters or less, individual business owners pay a basic tax amount of 50,000 KRW, while corporations pay between 50,000 and 200,000 KRW depending on their capital size.

If the premises exceed 330 square meters, an additional 250 KRW per square meter is charged on top of the basic tax amount.

Payments can be made through the local tax online platform, Wetax, or at banks after reporting via mail, fax, or in person.

If the amount stated on the tax notice is paid within the deadline, it is recognized without the need for a separate filing.

However, if the tax notice is not received or if the details differ from the actual situation, the taxpayer must file directly. Failure to file or underreporting within the deadline will result in additional penalties.

For more detailed inquiries, contact the Taxation Division at Gyeongju City Hall or the tax officers at the administrative welfare centers in each eup, myeon, or dong district.

Lee Myungsook, head of the Taxation Division at Gyeongju City Hall, said, "We sent out tax notices based on last year's data and information from the National Tax Service," and requested, "Please adhere to the payment period."

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