The following is a list of special local taxation provisions aimed at supporting victims of the recent new coronavirus epidemic.

□ Eligibility

○ A company that has suspended its business or has suffered damage due to a confirmed patient or quarantined new coronavirus patient among its employees, a company that has suspended its business due to a confirmed new coronavirus patient among its visitors/customers, other entities affected directly and indirectly by the new coronavirus 

     * Example: Companies/organizations in the medical care, travel, performance, distribution, accommodation, and food industries (luxury entertainment companies/organizations ineligible)

□ Support Details

  ○ (Deadline Extension) Delayed reporting of income, payment of taxes, etc. for up to 6 months (maximum 1 year in total)

        ※ Acquisition tax (as required), individual regional income tax (for transfers, etc.), residence tax for employees

  ○ (Deferred Collection) Deferred notice, more installment options, deferred collection and disposition for failure in tax payments (seizures, disposal, etc.) for up to 6 months (maximum 1 year in total)

  ○ (Postponed Tax Investigation) Postponement of tax investigations until the period determined by the head of the municipality

□ Application Instructions

   ○ In principle, the company or entity affected by the new coronavirus must apply directly (if necessary the Gun or Gu office may offer the above-stated support under its authority)

     - Ex officio measures when a confirmed patient or quarantined patient of the new coronavirus is unable to apply himself/herself   

    ▷ Inquiries: Incheon Metropolitan City Regional Tax Policy Office (440-2542), Taxation Coordination Office (440-2632)

     - For more details, please contact the Tax Department at your local Gun or Gu office.