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.

Korea Year End Tax Saving on Barun Tax & Accounting

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