Annual Corporate Income Tax Filing

In principle, foreign-invested companies in South Korea have the same rights and obligations as domestic corporations.

Equal Obligations: You must report your global income (if applicable) and local income, and fulfill all documentation requirements.

Additional Benefits: Depending on the nature of your investment, industry, and technology level, foreign firms may be eligible for specific tax incentives or exemptions under the Restriction of Special Taxation Act. These benefits are designed to encourage foreign direct investment and can significantly reduce your tax burden.

The outcome of your CIT filing is determined by how well you managed your "Evidence" (Qualified Evidence) throughout the year.

The Role of e-Tax Invoices: Every electronic tax invoice issued and received is a building block for your tax return.

Expense Deductions: Without proper credit card receipts or tax invoices, legitimate business expenses may be rejected by the National Tax Service, leading to higher taxes and potential penalties.

We don't wait until March to organise your documents. The work is spread across the year instead:

Deductions found while they are still provable: Expenses are matched to evidence as the year goes, so a deductible cost does not quietly drop out for want of a receipt.

Errors caught early: Cross-checking through the year removes missing documents and duplicated entries long before the filing date, when fixing them is still cheap.

Tax filing is not just about reporting; it's about Optimization.

Incentive Matching: We actively monitor various government tax incentives (such as R&D tax credits, employment growth incentives, or regional investment benefits) to see if your company qualifies.

Active Management: We provide guidance on how to structure certain business activities to remain eligible for these incentives, ensuring you achieve the maximum legal tax savings.