Demystifying preliminary Value Added Tax Filings in South Korea
One of my friends send me an email with a VAT bill issued by the tax office he belonged. *He told me it seems like wrong since he didn't...
Effective Strategies to Significantly Reduce Value Added Tax (VAT)
I met a restaurant owner who drive a Diesel SUV tuned the rear seat as a cargo. He used to fill her up at the SK station near his...
2019FY, 1st half closing VAT
Approx. 5.3mil. VAT tax payers need to file and pay for 2019FY 1st half VAT closing by the 25th of July. It's 0.9mil. entity and 4.4mil....
2019 FY, 1st Quarter VAT Return
Around 920,000 corporations need to file and pay the 1st quarter VAT return and 2,040,000 sole proprietors need to pay the interim VAT by...
How often you need to file the VAT return?
It's 4 times(for the 1st quarter by the 25th of April, 2nd quarter by the 25th of July, 3rd quarter by the 25th of October, and the 4th...
Interim Tax Returns
There are interim tax returns for; 1. Corporate Income Tax(Must/the end of August for December closing company if there was no tax to pay...
Final VAT Return for 2016FY
You may got this notice letter from the tax office if your address was registered correctly. Every company and sole proprietor(other than...
Tax Registrar(사업자등록증)
This is the tax registration issued by the district tax office where your company located physically, and need to register a proper...
Saving Your VAT
I’d like to introduce how we can save your VAT through your credit/debit card, it looks like a bit complicated to register your credit...
Tax Invoice(세금계산서)
According to tax law, you need to receive a proper receipt for your spending if you want to submit it as a tax deductible item when you...
