Gyeonggi Province Imposes 35.85 Billion Won in Uniform Resident Tax

Gyeonggi Province announced on the 17th that municipalities throughout the province imposed a total of 35.85 billion won in uniform resident tax, a municipal tax.

By tax category, individuals (heads of household) accounted for 16.85 billion won, individual business owners 12.13 billion won, and corporations 6.86 billion won. With the number of taxable cases this year reaching approximately 4.239 million, a 4.4% increase (178,000 cases) compared to last year, the total resident tax imposed also increased by 2.53 billion won compared to last year.

By municipality, Gwangju City, which experienced a significant population increase, saw its assessment amount rise 12.8% compared to last year, while Yongin City and Paju City each increased by 10.4% and 10% respectively. Gwangmyeong City, Gwacheon City, and Uiwang City saw decreases.

The uniform resident tax is a municipal tax imposed annually as of August 1st, with individuals (heads of household) taxed up to a maximum of 10,000 won, individual business owners 50,000 won, and corporations ranging from 50,000 to 500,000 won on a differentiated basis.

The uniform resident tax imposed this time must be paid by the 31st through Nonghyup, post offices, and other payment channels.