Korea Pension Savings Irp Tax Credit on Barun Tax & Accounting

Year-End Tax Settlement Preview 2026: 4 Ways to Raise Your Refund Before December 31

Sat, 24 Oct 2026 00:00:00 +0000

The year-end tax settlement preview opens on the National Tax Service’s Hometax (홈택스) and Sontax (손택스) in early November every year. In 2025 it opened on November 5. The 2026 opening date has not yet been announced. It already contains your card spending for January~September. Add your expected spending for October~December, and you can see your estimated tax for the year-end settlement next January. Based on the result, adjust the four items below before December 31. They change your refund.

Year-End Tax Savings Checklist 2026 - 4 Things Business Owners Should Do Before December 31

Wed, 21 Oct 2026 00:00:00 +0000

For year-end tax savings, start with the items you cannot undo after December 31. The Yellow Umbrella Fund (노란우산공제) gives an income deduction of up to KRW 6 million, and pension savings and IRP give a tax credit on up to KRW 9 million. For both, only amounts paid within this year count for this year. If you also finish registering your business cards on Hometax (홈택스) and organizing your expense receipts, your January VAT (부가가치세) return and May comprehensive income tax (종합소득세) return will be much easier.