3 million businesses must pay VAT by the 25th.

Up to 3 million individuals and corporate businesses must pay VAT by the 25th.

The National Tax Service said 2.21 million individual general taxpayers and 170,000 small corporate businesses with a total supply value of less than 150 million won in the first half of this year are subject to VAT.

The National Tax Service has notified them of a tax amount equivalent to half of the amount paid in the previous taxable period.

However, if the estimated tax amount is less than 500,000 won, the planned bill will not be sent.

The National Tax Service said that you can get help by using the Hometax integrated inquiry service, pre-filling service, or self-verification service.

If export and small and medium-sized companies apply for an early refund by the 25th, they will pay the refund by the 4th of next month, five days earlier than the legal payment deadline.

If a business operator experiencing management difficulties due to a disaster or disaster applies for an extension of the payment deadline, payment can be delayed for up to nine months.