Expanded Tax Administration Support for Taxpayers Hit by Heavy Rain in Geoje and Tongyeong — Filing and Payment Deadlines Extended by up to 2 Years
Source material is a Korean government announcement (in Korean).
Taxpayers affected by the heavy rain in Geoje and in the Sanyang-eup and Bongpyeong-dong areas of Tongyeong can apply to extend the filing and payment deadlines for corporate tax, value-added tax, comprehensive income tax and others by up to 2 years, and the interim prepayment of corporate tax is extended ex officio to November 2 without an application.
Key facts
| Who is covered | Taxpayers affected by the heavy rain (Geoje in Gyeongnam and the Sanyang-eup and Bongpyeong-dong areas of Tongyeong were designated special disaster zones on August 21) |
|---|---|
| Deadline extension | Filing and payment deadlines for corporate tax, value-added tax, comprehensive income tax and others extended by up to 2 years (on application) |
| Ex officio extension | The payment deadline for the interim prepayment of corporate tax is extended by 2 months to November 2 without a separate application |
| How to apply | The dedicated tax administration support desk for taxpayers affected by the heavy rain at the Tongyeong Tax Office, by mail, or through Hometax (www.hometax.go.kr) |
| Deferral of seizure and sale | Taxpayers with tax arrears can apply for a deferral of up to 2 years, and tax payment security is waived to the greatest extent possible |
| Tax audits | Deferral of tax audits for taxpayers in fields such as fisheries, tourism and shipbuilding where an audit has been notified in advance or is under way |
| Disaster loss tax credit | Business operators who lost 20% or more of their business assets receive a credit against income tax or corporate tax in proportion to the share lost — the application must be submitted within 3 months from the date the disaster occurred |
| Inquiries | National Tax Service, Collection and Legal Affairs Bureau, Collection Division 044-204-3027; Individual Taxation Bureau, Value-Added Tax Division 044-204-3212, Income Tax Division 044-204-3252; Corporate Taxation Bureau, Corporate Tax Division 044-204-3312 |
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The National Tax Service (국세청) announced on August 24 that, following the designation of Geoje in Gyeongnam and the Sanyang-eup and Bongpyeong-dong areas of Tongyeong as special disaster zones (특별재난지역) on August 21, 2026, it would expand tax administration support for taxpayers affected by the heavy rain, including extensions of filing and payment deadlines, deferral of seizure and sale, and deferral of tax audits. On application, filing and payment deadlines for corporate tax, value-added tax, comprehensive income tax and others are extended by up to 2 years, and for corporations the payment deadline for the interim prepayment of corporate tax due by the end of this month is extended ex officio by 2 months to November 2 without a separate application. Applications can be made at the dedicated tax administration support desk for taxpayers affected by the heavy rain at the Tongyeong Tax Office, by mail, or through Hometax.
Background — why this change
Along with this tax administration support, the National Tax Service decided to pay out national tax refunds as early as possible. Business operators who lost 20% or more of their business assets due to the heavy rain can receive a tax credit against income tax or corporate tax that is currently unpaid or to be assessed in the future, in proportion to the share lost, and must submit an application for the disaster loss tax credit (재해손실세액공제) within 3 months from the date the disaster occurred.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
Which taxes can be extended, and for how long?
On application, filing and payment deadlines for corporate tax, value-added tax, comprehensive income tax and others are extended by up to 2 years. Payment deadlines for national taxes already assessed can also be extended by up to 2 years on application.
Is anything extended automatically without applying?
For corporations, the payment deadline for the interim prepayment of corporate tax due by the end of this month is extended ex officio by 2 months to November 2 without a separate application.
Where do I apply?
Applications can be made at the dedicated tax administration support desk for taxpayers affected by the heavy rain at the Tongyeong Tax Office, by mail, or through Hometax (www.hometax.go.kr). The dedicated desk at the Tongyeong Tax Office also provides related consultation and application assistance.
What about affected taxpayers outside the special disaster zones?
The National Tax Service stated that it would provide the maximum tax administration support permitted by law to taxpayers facing difficulties from the heavy rain outside the special disaster zones as well.