Gokseong County Offers Local Tax Support to Companies Affected by Middle East Crisis

Payment Deadlines Extended Up to One Year and Collection Deferred
Tax Audits Postponed and Early Issuance of Refunds Also Provided

Gokseong County in Jeonnam has stepped in as a "relief pitcher" by offering tax support to local export companies facing crises due to rising military tensions in the Middle East.

On April 23, Gokseong County announced that it would provide comprehensive tax support, including easing the burden of local taxes, to assist local companies experiencing business difficulties caused by heightened military tensions in the Middle East.

Aerial view of Gokseong County Office, Jeonnam. Provided by Gokseong County, Jeonnam

The support is targeted at companies that have suffered damages such as delayed export contracts, transaction suspensions, or increased logistics costs due to instability in the Middle East. Companies can receive support by submitting relevant documents that confirm the damages.

Gokseong County will extend the payment deadlines for local taxes, including acquisition tax and local income tax, for up to six months. Depending on the situation, an additional extension of up to one year is possible. For local taxes that have already been assessed, the county will allow installment payments or defer collection for up to one year to help alleviate financial difficulties for companies.

Administrative support measures will also be provided for convenience. For affected companies, tax audits will be postponed, and any local tax refunds will be issued promptly. In particular, for companies already recognized as affected by the National Tax Service, administrative procedures have been simplified so they can receive support quickly without complicated verification steps.

Companies wishing to apply for support can visit the Finance Division of Gokseong County Office in person, or submit their applications by mail or fax.

A Gokseong County official stated, "We will spare no practical and proactive tax support so that local companies, fighting on the export front lines amid instability in the Middle East, can continue to operate stably."

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