National Tax Service, 1.57 million duty-free businesses must report their income by the 10th of the following month

The National Tax Service announced on the 19th that it is necessary to report the status of the workplace on’the amount of income attributable to 2020′ by the 10th of the following month to individual business owners who are exempt from VAT.

In addition, the company announced that it will provide a new’workplace status report creation video (for mobile)’ so that taxpayers with insufficient reporting experience can easily file electronically.

This year, the tax office will not operate a report window to prevent corona 19 infection. Individual businesses that are exempt from VAT, such as hospitals, clinics, and housing rental businesses, must report the amount of income attributable to 2020 by the 10th of the following month.

Since the 18th, the National Tax Service has sent a notice to 1.57 million people who are subject to reporting. A mobile notice was sent to taxpayers under the age of 60, and other mail notices were sent, but the mobile notice can also be viewed through Hometax or a mobile app (Sontax).

For easy non-face-to-face reporting, it provides various reporting conveniences, such as expanding mobile reporting and simplifying the reporting process for housing rental companies.

First, it was improved to use mobile reporting, which was only possible to report non-performance until the previous year, even when there is business performance. Except for industries that have a large number of items on the income amount review table, such as medical and housing leasing.

In addition, housing rental companies with the same rental status as the previous year, such as the amount of income, simplified the procedure by submitting a simple report.

In addition, when creating a review table for the income amount of housing rental business owners, a function to retrieve the owned housing was added to increase the convenience of reporting.

In addition, a new’business site status report preparation video (for mobile)’ has been newly provided so that taxpayers with insufficient reporting experience can easily file an electronic report, and’business type report preparation cases’ and’electronic report video’ have been posted on the website.

You can conveniently and safely report electronically through Hometax (www.hometax.go.kr) or mobile, and you can easily report by using credit cards, cash receipts, and electronic bill issuance data provided by the National Tax Service. If electronic filing is unavoidable, you can fill out a written report posted on the National Tax Service website (www.nts.go.kr) and submit it by mail. Limited to post office workers by the 10th of the following month.

The National Tax Service said, “You must file a report on the status of a business site, so that you can make a more convenient report by providing a simple report service such as a pre-filled (all) report, bookkeeping duty, and expense rate when filing comprehensive income tax in May. We will analyze and verify whether there is no report or underreport.”

Kim Ju Ogija [email protected]

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