 |
All the taxes in Korea consist of national and local taxes. When purchasing the goods, the people must pay the applicable taxes (for example, value- added tax and acquisition tax). And other applicable taxes have to be paid within the prescribed period after receipt of such bill. |
 |
|
| Property tax is imposed on June 1 of every year to owners of land, buildings, houses, ships, and aircraft. Written notices are sent to the address or the location of use by the 15th of the month when payment must be made. | |
| Payment period | Amount of payment | Taxpayer | Notice |
|---|---|---|---|
| July 16-31 | 1/2 of property tax for housing, property tax for buildings, property tax for ships and aircraft | Current owner as of June 1 of every year | ※ When property tax for housing is less than KRW 50 thousand, the whole amount will be notified in July |
| September 16-30 | 1/2 of property tax for housing, property tax for land | Current owner as of June 1 of every year | ※ When property tax for housing is less than KRW 50 thousand, the whole amount will be notified in July |
 |
| Automobile tax is collected from the owner of the vehicle on June 1 and December 1 of every year. Written notices are sent to the address or the location of use by the 15th of the month when the tax has to be paid. |
| Periods | Taxation period | Basic date for taxation | Payment period |
|---|---|---|---|
| First period | January to June | June 1 | June 16-30 |
| Second period | July to December | December 1 | December 16-31 |
 |
| Resident tax is imposed on residents who live in an area covered by a local government. There are two types of resident tax: “per capita based resident tax,” which is imposed regardless of the size of income and “income-based resident tax,” which depends on the amount of income. |
| Payment |
| ① Per capita resident tax: every year in August 16-31 (basic date of taxation is August 1) ② Income-based resident tax ③ Corporation tax-based resident tax: within four months after the date ending the business year ④ Capital gains/global income based resident tax: before the expiration date of income tax registration period (collected with income tax), etc. ※For details, contact Seongbuk District Office: Taxation Div. 1(☏ 02)920-3345～9, Property tax), Taxation Div. 2 (☏ 02)920-3350～4, Inhabitants tax & Auto tax) |
| Tax-related counseling service organizations |
| ① International Tax Division, the Ministry of Finance and Economy |
| Telephone: 02-2110-2201~5 |
| Fax: 02-503-9229 |
| URL: http://www.mofe.go.kr |
| ② Seoul Regional Tax Office |
| Telephone: 02-397-2200 |
| Fax: 02-736-7234 |
| URL: http://s.nts.go.kr |
| ③Seongbuk District Tax Office |
| Location: 3-2, 3-ga, Samseon-dong, Seongbuk-gu, Seoul How to reach: Take Subway Line No. 4 and get off at Hansung Univ. (Samseongyo) Station. And then walk about 6 minutes from Exit No. 3 towards Hansung Univ. or walk about 8 minutes from Exit No. 1 towards Samseon Market. |
| Tel: 02-748-8200 / 748-8241 (English is available at Tax Guide Center) |
| Fax: 02-792-2619 |
| URL: http://s.nts.go.kr |
