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The taxes that must be paid in Korea include both national and local taxes.
Major National Taxes:
- Income Tax / Corporation Tax
- Value Added Tax
- Inheritance Tax / Donation Tax
- Special Excise Tax/
- Education Tax / Transportation Tax
Major Local Taxes:
- Acquisition Tax
- Registration Tax
- Property Tax
- Aggregate Land Tax
- Inhabitant Tax
Tax Payment
A notice for payment of tax is delivered to each taxpayer, and must be paid at a bank no later than the due date given.
Dates of Payment of Major Taxes
- Property Tax: July 16-July 31 (base month for taxation: June 1)
- Aggregate Land Tax: Oct. 16-31 (base month for taxation: June 1)
- Inhabitant Tax: Aug. 16-31 (base month for taxation: Aug. 1)
- Automobile Tax: June 16-30 / Dec. 16-31
- (base month for taxation: June 1 / Dec. 1)
- License Tax: Jan. 16-31 (base month for taxation: June 1)
- For further information on national tax, please call (82-2-397-1200),
- e-mail: service@mail.nts.go.kr, or Visit the National Tax Service Homepage:
- http://www.nta.go.kr/eng/default.html
