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What kind of taxes do I have to pay if I do not run any business for about 6months in Korea?

  • Poster 운영자
  • Date2020.11.11.
  • Read152

A person, who engages in the supply of goods or services independently in the course of business, whether or not for profit, is liable to pay value added tax. You, therefore, have to file a VAT return on the tax base and the tax amount payable in respect of each taxable period within 25 days after the expiration of the taxable period concerned.

The taxable period for VAT is divided into two.

ⅰ) First period: January 1 to June 30
ⅱ) Second period: July 1 to December 31



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