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  • Writer's pictureJ&J Korea

Korea's Important Tax Schedule

Updated: Sep 5

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 2023 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 2023

*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!


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