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Tax bomb for handing out work? If you don't file by the end of June, a bigger bomb will drop

AI 3-line summary
  1. The National Tax Service has set June 30 as the deadline for filing gift tax on giving away and transferring work, and has sent notices to those concerned.
  2. Using big data analysis, 2,501 recipients and 2,202 beneficiary corporations were notified by mobile and mail.
  3. If not filed by the deadline, a non-filing penalty of up to 20% is imposed; voluntary filing earns a tax credit of 3% of the calculated tax.

Summary written by AI from the original article · 88 languages

Tax bomb for handing out work? If you don't file by the end of June, a bigger bomb will drop

Read the full article (machine translation) → Original article (Korean): “일감 몰아줬다고 세금 폭탄? 6월 말까지 신고 안 하면 더 큰 폭탄 맞는다”

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