VAT report for business without sales or purchase (매출·매입없는) - Report of ineffectiveness at the National Tax Service, the Hometax website.
In Korea, when you have a business is mandatory to report your taxes even if you don't have any activities on it. Even without sales or purchases (매출·매입없는), you have to make a report every trimester on the website of Hometax or in person at the Hometax office (세무서).
Below we will show you how and when to report the VAT for your business that has no sales or purchases (매출·매입없는).
First, if you want to register your taxes online you will have to take some specific steps.
Go to the nearest hometax office (세무서) and ask for the hometax card (home tax verification card), which is a card, with different numbers, that you should use when registering some taxes on the website.
To make an account you will need the 공인인증서 from the bank (the application can be done online with the ID and password provided by the bank, for your business account - in case you don't know them, visit the nearest bank branch)
Make an account on the Hometax website with your own business certificate (공인인증서)
How to take the home tax verification card:
- You can get this card from any nearby tax office (세무서)
- You need your ID card, corporate stamp (seal) and the stamp (seal) certificate (인감 and 인감증명서), and the application form (from the tax office)
- The application and receiving take around 5 minutes
How to register on the Hometax website:
1. First go to the website: https://www.hometax.go.kr/
2. Make an account with the 공인인증서
3. Log in
There are several login methods, so you can log in with the method that is convenient for you.
You can check the dates for the tax filling on the website. (Dates can be subjected to change, so check the website for each year in advance - below you have a 2022 example)
The general taxpayer - final report
Subject to report: All taxable businesses except for simplified taxable persons
(1st period confirmed) Periodic report and payment period: 7. 1. ∼ 7.25.
(Second term confirmed) Periodic report and payment period: 1. 1. ~ 1.25.
Subject to report: General corporation
However, individual general entrepreneurs and small corporations (less than 150 million won in sales in the previous year) can file a scheduled return if their business is sluggish or an early refund occurs
(1st term scheduled) Periodic reporting and payment period: 4. 1. ∼ 4.25.
(2nd term scheduled) Periodic reporting and payment period: 10.1. ~ 10.25.
Reporting:
Click on the banner from the website to go directly to the desired page
or
Click 'VAT' in the Report/Pay tab (신고/납부 탭에 '부가가치세' 클릭)
Click 'Regular birth rate (confirmed/planned)' in the 'Simple taxpayer' tab on the left (왼쪽 '간이과세자' 탭에서 '정기산고 (확정/예정)' 클릭)
Enter 'Business Registration Number' in Basic Information Input and click 'Confirm' (기본정보 입력에서 '사업자등록번호'를 입력하고 '확인'을 누르면)
The details are automatically displayed in the details of the operator below, and after confirmation, 'Save and move to next' (아래 사업자 세부사항에 자동으로 세부사항이 나타나며, 확인후 '저장 후 다음이동')
There is also nothing relevant to the report of incomplete performance press confirm (무실적 신고내용 또한 아무 해당 없으니 '작성완료' 를 누르자)
In the next step, if there is no applicable item, check if it is correct and click 'Submit the report' (다음 단계에서 해당 항목이 없을 경우 내용이 맞는지 확인 후 '신고서 재출하기'를 클릭하면)
Finally, click 'Close' after checking the contents of the receipt that appears after submitting the report (마지막으로 신고서 제출후 나오는 접수증 내용을 확인후 '닫기'를 누르면 된다)
You can save the report in PDF format, or print it out, by pressing the Print (인쇄) button.
Also, you can check the report later in the report history inquiry (신고내역 조회에서).
Additional:
When you go to the tax office they will give you some brochures with information, below are the ones we received when we went there.
They may send you an envelope at home as well. Below is the one we received ↓
Don't forget to check the website and application for more information or visit the tax office in person.
And submit your reports on time in case you don't want to receive a fine!
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