Easy and Convenient Local Tax Payment Methods
Helpful Local Tax Information
If you have registered as a foreigner under the Immigration Control Act and have retained a place of residence in Yeonsu-gu for over a year, you should receive an invoice, and you must pay the individual resident tax every August.
If you own a vehicle, you should receive an invoice from your place of registration and pay the vehicle tax every June and December.
If you own real estate (buildings, land, houses, etc.), you should pay the property tax every July and September.
If you acquire real estate, vehicles, etc., you should report such purchases and pay the acquisition tax within 60 days.
Individuals obligated to pay income tax under the Income Tax Act and corporations obligated to pay corporation tax under the Corporation Tax Act should report such taxes and pay a local income tax (individual/corporate) on their income.
If you fail to pay local taxes, you may face various disadvantages
If you fail to pay your local taxes, your visa extension will be limited (only up to 6 months will be permitted).
Vehicles, real estate, deposits, wages, insurance (maturity insurance for departure, return cost insurance, etc.) may be seized.
Owned vehicles, real estate, etc., may be publicly auctioned.
If you fail to pay your vehicle tax, the vehicle number plate may be confiscated, and its operation may be restricted.
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Guide to Basic Living Order
Violation of disposal time and methods will result in a fine of up to 1,000,000 won.
If household and food waste are mixed with recyclables, a fine of up to 1,000,000 won will be imposed..
Unauthorized dumping will result in a fine of up to 1,000,000 won.
Violations of these rules will result in a fine of up to 500,000 won.
Illegal parking will result in a fine of up to 130,000 won.
Smoking in a non-smoking area will result in a fine of up to 100,000 won.