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Joseph SY Zoh

CPA, California, a member of AICPA  |  Jz Associates/Tax Accounting Firm Hae-An

F:+82-31-273-5078  |  Skype: joezoh  |  Email: jz@taxjz.com

Web : www.taxjz.com  |  Blogs: www.koreantaxblog.com

Korean Tax Blog

since 1981-

Filing Tax by the end of May

Do I need to file a tax return even I have only salary income?

 

Yes, if you had more than an employer or 2 different income sources in a year, you must file a tax return by the end of May.

 

Otherwise you may get a tax surprise in 2 years wherever you are, and will be a defaulter even you never know this situation since this dunning letter will could be delivered to your previous year with more than 20% penalty.

So just file by the due date to avoid such a high rate penalty but just pay a late payment penalty.

 

If you had such a tax arrears, your application of Visa extension can be rejected without a warning.

More questions, please feel free to send me an email to jz@taxjz.com

 

 

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