Applying for a business national tax refund is a system that allows businesses to receive a partial refund of the national taxes levied on them. To apply, you must submit documents such as business registration certificate, transaction statement, refund account, etc., fill out a refund application form, and visit the local tax office to apply. Things to keep in mind are the refund application period, application eligibility conditions, and the accuracy and completeness of the application form. In addition, the calculation of the national tax refund amount is carried out at the tax office, and additional documents may be requested even after application, so caution is required. Let’s find out in detail in the article below.
What you need to know before applying for a business tax refund
Business national tax refund
1. Application period and method
You can apply for a business tax refund from April 1 to July 31 every year. The refund application form can be obtained from the tax office, and you must fill out the application by attaching documents such as business registration, transaction statement, and refund account. You must submit the completed application and attached documents to your local tax office. There are two ways to apply: in person or by mail.
2. Application eligibility conditions
In order to apply for a business tax refund, you must meet the following conditions. – Business operators subject to national tax in accordance with the Framework Act on National Taxes – Businesses whose national taxes paid do not exceed the refundable amount – Businesses eligible for special tax treatment in certain areas, such as tuition and student fees You can check whether you are eligible for a national tax refund through the tax avoidance website.
Business tax refund application process
1. Fill out the application form
Download and fill out the application form from your local tax office or online site. When completing your application, you must fill out the application form accurately and completely. When attaching required documents, you must be careful not to omit them. You must accurately fill out the account information to receive a refund.
2. Submit your application
Submit the completed application and attached documents to your local tax office. After the tax office receives and verifies the application and attached documents, the refund application is registered as received. The refund amount and applicant’s name must be entered accurately.
3. Examination at the tax office and calculation of refund amount
After the application and attached documents are submitted, the tax office will review them. Please note that additional documents may be requested at this time. The tax office calculates the amount of tax refunded among the reported taxes after examining the contents of the application and documents.
4. Receive your refund
After the refund amount is determined, you can receive the refund from the tax office. The tax office will inform you of the receipt date and method of receipt. Please note that additional documents may be requested at this time, so you must bring all necessary documents with you when visiting the tax office.
In conclusion
Applications for business national tax refunds are available from April 1 to July 31 each year, and you must submit the application and attached documents to the local tax office to apply for a refund. The tax office calculates the refund amount after reviewing the submitted application and attached documents, and the determined refund amount can be received from the tax office. Additional documents may be requested when receiving a refund, so you must bring all necessary documents with you when visiting the tax office.
Additional helpful information to know
1. The business tax refund application form can be obtained from the tax office or online site. 2. Documents required when submitting an application include business registration, transaction statement, and refund account. 3. When filling out a refund application, you must accurately fill in the required information in the application form. 4. The tax office will review the application and attached documents and may request additional documents. 5. After the refund amount is determined, you can receive the refund from the tax office and additional documents may be requested.
What you might miss
– If you do not apply within the application period, you will not be able to receive a refund. – If required information is omitted or incorrectly filled out when filling out the application, processing may be delayed or rejected. – Even when the tax office requests additional documents, you must be careful not to omit them. – You will not be able to receive a refund if you do not bring all the necessary documents when receiving the refund.
