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Cases of suspected errors are increasing, such as excessively levied comprehensive real estate tax. Most of these cases were found to be derived from the 9.13 measures.
According to the tax industry on the 7th, it was revealed that there were a number of cases suspected of levying tax.
Initially, through the September 13 measures announced in 2018, the government abolished the exclusion of heavy transfer tax and the exclusion of combined tax for rental business owners. However, the previous benefits were maintained for rental registration of houses acquired before September 13, 2018.
However, recently, it has been found that the acquisition time is wrongly calculated as housing for redevelopment/reconstruction and new condominium units acquired before September 13, 2018 start to move in. An official from the tax industry said, “If the house acquired before 2018 was completed after September 14, 2018, it is necessary to check whether the property tax was excessive.”
According to the tax industry, 947,000 people are subject to taxation this year, a 42% increase from last year. As the rental business system or the subject of and application of the property tax change frequently, the number of errors in taxation has also increased rapidly.
At the end of last month, the National Tax Service recognized an error in the taxation of redeveloped and reconstructed housing and provided a correction guide. This year, when calculating the retention period of redeveloped/reconstructed housing, the National Tax Service is likely to make a mistake in the notification when it is pointed out that many places have overcharged the property tax by calculating the retention period based on the acquisition date of the newly built housing after completion rather than the acquisition date of the existing housing. A correction notice was sent to
In addition, even if you own an inherited house (located in a controlled area) or a house in a controlled area, where the ownership stake is 20% or less and the published price of the stake is 300 million won or less, you must check whether there are any errors in the application of the tax rate. This is because, if there is only one house other than the joint inheritance, the tax rate of 1.2 to 6% for the second homeowner may be incorrectly applied instead of the 0.6 to 3% tax rate for the first homeowner.
If an error is found in the tax bill, the taxpayer must calculate the exact amount of tax by the 15th of this month and report and pay the tax at Hometax, etc.
However, when you file and pay the tax amount, you must check the correct amount in advance to avoid underreporting. This is because, if it is found that the tax amount has been underreported compared to the initially notified tax amount, the National Tax Service imposes 10% of the reported tax amount (40% for unfair tax return) as a penalty for underreporting.
If the deadline for requesting corrections is exceeded on the 15th of this month, you must go through the objection process to request the refund of the overpaid taxation tax within 90 days from the date of receipt of the tax notice. If the appeal period has passed, there is another way to request relief through a grievance petition.
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