Let’s find out the period and method of VAT filing for individual businesses

Hello Today, let’s learn about VAT reporting for individual business owners.I’ll do it. First, let’s look at value-added tax. Value-added tax is the transaction of goods or It is a tax levied on the added value obtained in the process of providing services. The VAT paid is calculated by subtracting the input tax from the output tax.

Since VAT is included in the price of goods, the actual end consumer
In this way, the business operator bears the value-added tax paid by the final consumer.
It is to be paid to the tax office. Therefore, businesses subject to VAT
When selling a product or providing a service, a certain amount is added to the transaction amount
You must collect and pay VAT.

6 months is the tax period to be reported and paid, and the tax period is reduced to 3 months again.
We have a scheduled report period in the middle of the division.
Individual entrepreneurs file 2 reports a year, and among individual entrepreneurs, those with poor business,
A person who has received an early refund must pay either the scheduled tax return or the scheduled tax payment.
You can choose to report or pay.

VAT reporting can be done through the local tax office, but the National Tax Service Hometax
(www.hometax.go.kr) to report electronically.
The e-report period is from 6 to 24 p.m. every day from July 1 to 25.
You can report and pay online at any time according to your convenience.
When using Hometax, the National Tax Service provides services to improve reporting convenience.
It is good to know that we are providing it, and tax is easy to pay electronically.
It is convenient to use Hometax or internet banking by bank.

It is important to take care of the changed tax law once again before filing a VAT report for an individual entrepreneur.
Since the mandatory preliminary return was abolished this year, business 개인사업자 부가세 신고 방법 operators with no tax payment in the immediately preceding tax period
New business initiators, simple-to-general type conversions, general payment business operators at the main workplace, business operators
Unlike the past, unit taxation businesses, etc., are subject to

You must report your sales and daily performance.

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