The declaration and payment of the composite income tax (Type T)
Let's take a look at the declaration and payment of the composite income tax focusing on type T. Family Month, May. May, busy with the Family Month event, is the month of the declaration/payment of composite income tax. The composite income tax is abbreviated as 'Jongsose' in Korea. Generally, the declaration and payment period for the composite income tax is from May 1st to May 31st at 24:00. By the due date, you must complete the tax declaration as well as payment of the composite income tax. Business owners, self-employed people, and freelancers are subject to the composite income tax declaration. Mail or kakaoTalk messenger notice will be sent to the declaration person. Generally, the deadline for the declaration and payment is May 31, but there are cases where the deadline for the declaration and payment is extended. The deadline for the declaration and payment is June 30 for the person who is confirmed to be faithful. For the taxpayer...