종소세환급 방법 2023 Comprehensive Income Tax Refund Date | Timing of Termination Tax and Local Income Tax Refund

I’m sharing what I found out because I was curious about when the 2023 Comprehensive Income Tax Refund will be paid. Every May is Comprehensive Income Tax Reporting Month. If you are eligible for a refund after faithfully completing your comprehensive income tax return, I wonder when the payment will be made. 종소세환급 방법

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When is the payment date for the comprehensive income tax refund?

Comprehensive income tax refund payment date: Payment in June
Payment date varies by region  jasminevista.com
When you complete the comprehensive income tax return, if you are eligible for a refund, you will be deposited within a month after reporting. It means that it will be paid within June because the reporting period is until May 31st.

In my case, I received the final tax refund in 2021. I was curious about how many days it was deposited, so I looked up the bank account details. The 2021 comprehensive income tax refund was paid on Thursday, June 17.

The comprehensive income tax refund is a tax reported to the local tax office, so the tax office will deposit it into the account. So you can check the details of the deposit to the tax office such as the XX tax office and the XX tax office.

Of course, there may be a few days difference depending on the situation at the tax office. I was paid on the 17th, but some people received the deposit on the 26th, and some people on the 23rd. So if you are eligible for a refund, you can wait patiently thinking that it will come in within June.

How to check the comprehensive income tax refund payment date at Hometax
Check it out on Hometax around mid-June. In Hometax, press my Hometax menu and check the ‘refund’ menu. If the refund date is shown, it will be deposited within a day or two after that date.

Comprehensive Income Tax – Refund Date 종소세환급 방법
Comprehensive Income Tax – Refund Date
When do I get my local income tax refund?
In addition to the comprehensive income tax, there’s also the local income tax that you report. If you’re eligible for the final tax refund, you’ll also get the local income tax refund (10% of the final tax)

In my case, the comprehensive income tax was paid on June 17th, but the local income tax was deposited in early July. Since it is held on a similar schedule every year, you just need to know that the comprehensive income tax refund can be paid first and then the local income tax can be deposited.

Comprehensive income tax filing period
From May 1st to May 31st
For example, a comprehensive income tax return for 2023 income will be filed from May 1 to 31, 2024
What is comprehensive income tax?

Comprehensive income tax is a tax that an individual pays on the income earned from economic activities over the past year. Calculate the tax by adding up all the taxable income.

It is a method of reporting last year’s income in May of this year. If you have taxes to pay after reporting by the end of May, you have to pay within May, and if you receive a refund, you will receive a deposit within one month of reporting.

The deposit date for the comprehensive income tax refund varies depending on the local tax office. It is usually deposited from mid-to-late June or early July if late.

Local income taxes, which report 10% of the total income tax, will also be refunded, which is paid slightly later than the final tax.