skipNavigation
mainMenu
container
footer

Taxes in Korea are divided in national taxes and local taxes. When purchasing products and services all taxes (for instance, value-added tax, acquisition tax, etc.) that apply at the moment of purchase must be paid.

Other applicable taxes must be paid in accordance with the bill within the determined period.

Property tax

Property tax is imposed on June 1 of every year to owners of land, buildings, houses, ships, and aircraft. Written notices are sent to the address or the location of use by the 15th of the month when payment must be made.

Property tax
Payment period Amount of payment Taxpayer Notice
July 16-31 1/2 of property tax for housing, property tax for buildings, property tax for ships and aircraft Current owner as of June 1 of every year ※ When property tax for housing is less than KRW 50 thousand, the whole amount will be notified in July
September 16-30 1/2 of property tax for housing, property tax for land Current owner as of June 1 of every year ※ When property tax for housing is less than KRW 50 thousand, the whole amount will be notified in July
Automobile tax

Automobile tax is collected from the owner of the vehicle on June 1 and December 1 of every year. Written notices are sent to the address or the location of use by the 15th of the month when the tax has to be paid.

Automobile tax
Periods Taxation period Basic date for taxation Payment period
First period January to June June 1 June 16-30
Second period July to December December 1 December 16-31
Resident Tax and Local Income Tax

Resident tax is imposed on residents who live in an area covered by a local government. There are two types of resident tax: “per capita based resident tax,” which is imposed regardless of the size of income and “income-based resident tax,” which depends on the amount of income.

Payment Guideline per Tax Item
  • Residence Tax
    • On per capita: Every year on 16th~31st August (Tax base date is 1st August.)
    • On Property: Report and pay every year on 1st~31st July
    • On Employee: Report and pay the monthly amount by the 10th of the next month.
  • Local Income Tax
    • On corporation tax: Within 4 months after the closing date of the business
    • On capital gains tax, global income tax: Report and pay with income tax (Next year1st~31st May)
    • Special levy: Report and pay by the 10th on the month after the special levy was collected.
Inquiries:
1stTax Collection Division, Yongsan-gu Office ( ☎ 02-2199-6830,6840,6850,6860 )
2ndTax Collection Division, Yongsan-gu Office ( ☎ 02-2199-6890,6900,6910,6920 )
Tax-related counseling service organizations
  • International Tax Division, the Ministry of Finance and Economy
  • Seoul Regional Tax Office
  • Yongsan-gu District Tax Office (Yongsan District Tax Office)
    • Location: 65-342, Hangangno 3-ga, Yongsan-gu, Seoul 10 minutes walk toward Dongjak Bridge from Yongsan Station, Subway Line I
    • Telephone: 02-748-8200/748-8241 (English service available from Tax Information Center)
    • Fax: 02-792-2619
    • URL: http://s.nts.go.kr