Yangju City Announces May Payment Guidelines for Individual Local Income Tax

Yangju City is actively providing guidance on reporting and payment methods for individual local income tax (comprehensive income portion) for the year 2016, promoting taxpayer convenience and preventing civil complaints related to individual local income tax (comprehensive income portion).

Comprehensive income tax and individual local income tax (comprehensive income portion) are taxes that individuals pay on income earned through economic activity over the past year. For the year 2016, individual local income tax (comprehensive income portion) is the tax obligation of those currently residing in Yangju City and who have filed a confirmed comprehensive income tax return for 2016.

Individual local income tax (comprehensive income portion) requires taxpayers to report and pay comprehensive income tax at the National Tax Service, and then report and pay 10% of the comprehensive income tax as individual local income tax (comprehensive income portion).

Individual local income tax (comprehensive income portion) for the year 2016 can be reported from May 1, 2017, to May 31, 2017, at the tax office under jurisdiction of the taxpayer's registered address, together with comprehensive income tax. Payment can be made at City Hall (8082-5533), financial institutions within the city, post offices in other regions, or agricultural cooperatives.

Alternatively, for those unable to visit City Hall, payment slips can be sent via fax (8082-5519), and reporting and payment are also possible through WETAX.

A city official stated, "To reduce disputes and civil complaints with taxpayers, we plan to send guidance documents and conduct active promotion to assist taxpayers in reporting and paying, and urge taxpayers to file and pay early, as many taxpayers will do so at the end of May."