Pyeongtaek City: "Please Report and Pay Corporate Local Income Tax by May 4"

[Suwon Ilbo=Reporter Seo Dong-young] Pyeongtaek City is conducting tax payment promotion activities targeting corporate local income tax reporters and taxpayers and tax agents.

The city sent approximately 8,900 notification letters to these recipients. Additionally, the city is actively promoting the filings through the distribution of report and payment guidance leaflets centered at chambers of commerce and industrial complex management offices, as well as banner postings and LED signboard promotions.

For corporations with fiscal year-end in February, the 2019 corporate local income tax must be reported and paid to the local government office with jurisdiction over the business location by May 4.

Reporting methods include submitting the report form to the City Hall Tax Policy Division or branch tax office, or using the WesTax system (www.wetax.go.kr), which allows for filing and payment without visiting local government offices.

For cases where business locations exist in two or more local governments, the tax must be apportioned and reported accordingly. Cases where filing is submitted to only one local government or where attached documents are not submitted will be treated as non-filing, subject to a 20% surcharge, so caution is advised.

Additionally, during this year's corporate local income tax reporting and payment period, the city is promoting tax relief support for corporations experiencing significant business losses or facing serious business crisis due to COVID-19, including the option to apply for a deferral of payment period of up to six months (reporting must be completed by May 4) through promotional materials and guidance documents.

For additional details, inquiries can be made to the City Tax Policy Division (031-8024-2523) for consultation.