The New Year is here!
I feel grateful to offer tax and accounting services for your Korean business! As the new fiscal year starts, I’d like to inform you of our 2022 tax schedule.
Tax season in Korea is January - April so it is important to be proactive in starting your filing process and remain in close communication throughout the tax season to ensure the highest standards of quality for your taxes.
Please take a moment to review our tax schedule and please let me know if you have any questions or concerns.
Tax Schedule for 2022
Note: If the due date is a holiday, it will be postponed to the next working day.
Corporate Income Tax March 31st - Corporate Income tax Filing and Payment August 31st -Interim payment of corporation tax for the First half
Corporate Local Income Tax April 30th - Corporate Local Income Tax and Payment
VAT (Value Added Tax) January 25th - Second Half Final VAT Filing and Payment April 25th - 1Q Preliminary VAT Filing and Payment July 25th - First Half Final VAT Filing and Payment October 25th - 3Q Preliminary VAT Filing and Payment
Year-end Tax Settlement Before February's wage payment date - for the employee(s)’ wage income
Tax-invoice Issuance Every 10th of the following month
Withholding Tax Filing and Payment (Employee’s Wage Income)
Every 10th of the following month
I hope you and your families had a wonderful holiday season!
We are looking forward to the new year and ready to provide you with top-notch solutions to all your tax and accounting needs while providing you the absolute best customer experience.
For any tax consultation and inquiries, please do not hesitate to contact us.
PLUS: Video for EASY Guide!