YONGSAN GU OFFICE

Property tax

Property taxes are imposed each year on the owners of land, buildings, houses, ships, and/or airplanes, based on the tax date of June 1. A tax notice is issued to the individual’s address or location of taxable property use by the 15th of the month in which the payment is due.

Automobile tax

Automobile taxes are imposed each year on the owner of the vehicle who owns the vehicle on the tax base dates of June 1 and December 1. The tax notice is issued to the address or location of use by the 15th of the month of payment.

Residence Tax and Local Income Tax

Resident tax and local income tax are imposed by the local government on residents within its jurisdiction.
The resident tax consists of three types: the individual resident tax, which is uniformly imposed on residents regardless of income level; the business establishment resident tax, which is levied on individual business owners and corporations that have business establishments within the local government’s jurisdiction; and the employee resident tax, which is 0.5% (five-thousandths) of the total monthly salaries paid to employees.
The local income tax includes individual local income tax (for comprehensive and capital gains income), corporate local income tax, and withholding local income tax.

Guide to Tax Payment by Category

• Resident Tax
  • Individual portion: The payment period is from August 16 to 31 every year (tax base date: July 1).
  • Business establishment portion: Declaration and payment from August 1 to 31 every year (tax base date: July 1).
  • Employee portion: The tax amount to be paid each month must be declared and paid by the 10th of the following month.
• Local Income Tax
  • Corporate local income tax: Within 4 months from the end of the business year.
  • Capital gains portion:
    • Preliminary return: Within 4 months from the end of the month in which the asset was transferred.
    • Final return: From July 1 to July 31 of the following year.
  • Comprehensive income portion: Declared and paid at the same time as the national income tax (May 1 to May 31 of the following year).
  • Withholding portion: Must be declared and paid by the 10th of the month following the month in which the income was withheld.

Consultation is available for matters related to national taxes (such as income tax and corporate tax) through the National Tax Service or the competent district tax office.
Major national taxes include income tax, corporate tax, value-added tax (VAT), and comprehensive real estate holding tax.

• National Tax Service (NTS)
  • Phone: 126 (National Tax Call Center)
  • Website: http://www.nts.go.kr
• Yongsan District Tax Office
  • Address: 15, Seobinggo-ro 24-gil, Yongsan-gu, Seoul (Hangangno 3-ga)
  • Phone: 02-748-8200
  • Website: https://www.nts.go.kr/yongsan/main.do