https://barun-tax.com/en/tags/missed-vat-deadline-korea/Recent content in Missed Vat Deadline Korea on Barun Tax & AccountingHugoen-USWed, 21 Oct 2026 00:00:00 +0000https://barun-tax.com/en/blog/2026-10-15-vat-late-filing/Thu, 15 Oct 2026 18:00:00 +0900https://barun-tax.com/en/blog/2026-10-15-vat-late-filing/<p>If you missed the VAT (부가가치세) filing deadline, file a <strong>late return (기한후신고)</strong>. A non-filing penalty (20% of the tax due) applies, but it is reduced by <strong>50% if you file within 1 month</strong>, 30% within 3 months, and 20% within 6 months. A late-payment penalty of 0.022% per day is also added for the days you paid late, so it is best to file and pay as soon as possible.</p>