If you file your final tax return in May 2023 and have a tax to be refunded, you will receive it back after the filing payment period has elapsed. We have checked more below about the payment date of the comprehensive income tax refund (the final tax refund date in June) for 2023 this year.
2023 Comprehensive Income Tax Refund Date (June Termination Tax Refund Date)
comprehensive income tax 종소세환급 방법
Comprehensive income tax refers to a tax that is paid by a person who has not only earned income but also other comprehensive income during the taxation period (January 1st to December 31st) of the year immediately preceding the reporting year by adding up all income from May 1st to May 31st.
2023 Comprehensive Income Tax Refund Date (June Termination Tax Refund Date)
Comprehensive income types include earned income, pension income, interest income, dividend income, business income, real estate rental income, and other income.
If the year-end settlement is completed at the beginning of the year because there is only earned income, you do not have to file a comprehensive income tax return.
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Persons eligible for comprehensive income tax return for 2023
They are eligible for the 2023 comprehensive income tax return.
If there are two or more earned income but the year-end settlement has not been added together
If you have business income
Where the annual total amount of private pension exceeds KRW 12 million
If the total amount of financial income, such as interest and dividends, is 20 million won
Where business income and earned income are together
Where the total amount of other income (total payment – necessary expenses) exceeds KRW 3 million
In the following cases, you do not need to file a final return.
In the case of year-end settlement by the affiliated company with business income of insurance recruiters, door-to-door salespeople, and contract delivery salespeople with income less than 75 million won during the previous taxable period
If there is only retirement income and business income subject to year-end settlement
If there is only non-taxable or separately taxable income
Where a person who has other income of less than 3 million won per year wants separate taxation
If there is only earned income and year-end settlement has been completed
Method of calculating separate taxation for housing rental of comprehensive income tax (reporting on housing rental business)
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How to apply for the payment of the final tax refund
If you have a comprehensive income tax refund tax, you can apply for the refund at Hometax below.
This is the third step in the application method for the payment of the final tax refund.
Select ‘Inquiry/Issuance’ on the Hometax website and ‘Detailed Refund Inquiry’
After checking the refund amount, click ‘Report to open a refund account’
Complete ‘Apply’ by creating the refund account number to be paid
This is how to apply for a detailed comprehensive income tax refund.
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1. Select ‘Inquiry/Issuance’ on the Hometax website and ‘Detailed Refund Inquiry’
2023 Comprehensive Income Tax Refund Date (June Termination Tax Refund Date)
Hometax site shortcut
Access the Hometax site and log in first.
Go to the top menu ‘Inquiry.Issuance’ and select ‘National Tax Refund’ and ‘Detailed Refund Inquiry’ at the bottom.
You can register your refund account at the end of the comprehensive income tax return without going through the above process.
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2. After checking the refund amount, click ‘Report to open a refund account’
2. After checking the refund amount, click ‘Report to open a refund account’
Check the refund to be paid.
You can enter the account number to receive a refund by clicking on ‘Report to open a refund account (change)’.
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3. Complete ‘Apply’ by creating the refund account number to be paid
3. Complete ‘Apply’ by creating the refund account number to be paid
Select ‘comprehensive income tax’ or all tax items to be refunded and select the opening bank.
Enter your account number and click ‘Apply’ to complete it.
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2023 Comprehensive Income Tax Refund Payment Date
The payment date for the 2023 comprehensive income tax refund will be paid sequentially from the end of June.
In 2021, the final tax was paid a week earlier due to COVID-19, but this year, it will be paid from the end of June.
Personal local income tax is also paid on a refund date in August, two months later, but some regions pay about a month earlier at the discretion of each local government.
2023 Comprehensive Income Tax Refund Payment Date
If you haven’t received a refund for comprehensive income tax and personal local income tax, it’s better to check if you’ve designated the correct account for your company, such as Hometax.
As mentioned above, we have checked the 2023 Comprehensive Income Tax Refund Date (June Termination Tax Refund Date).