Tax attorney, who must pay corporate tax, and by when must it be filed?

Hello. I am a tax attorney at Daeryun Law Firm (LLC).

A person liable for corporate tax is a domestic corporation whose head office, principal office, or actual place of business management is located in Korea, and such a corporation bears the corporate tax obligation on all income arising at home and abroad.

On the other hand, a foreign corporation whose head office or principal office is located abroad bears the corporate tax obligation only on domestic source income prescribed by law among the income arising in Korea.

The filing deadline for corporate tax varies depending on the settlement month. A December settlement corporation must file by March 31, a March settlement corporation by June 30, a June settlement corporation by September 30, a September settlement corporation by December 31, and it must be filed accordingly.

In addition, if the filing deadline overlaps with a public holiday or a Saturday, it is extended to the next business day.

The tax attorney will explain in detail even the documents that must be submitted when filing.

The documents that must be submitted when filing include the corporate tax tax base and tax amount return, statement of financial position, statement of comprehensive income, statement of appropriation of retained earnings or statement of disposition of deficit, tax adjustment statement and supporting documents, and the cash flow statement, among others.

For detailed matters, please confirm through a consultation with a tax attorney.