​

VAT (value-added tax): A tax on the sale of goods and services within the country as well as the importation of goods. The general tax rate is 5%.

Company Income Tax filing: Income tax is levied annually on the income from business operations in accordance with the Income Tax Law. Currently, the tax rate is 20%.

In addition, the company is required to file the dividend dispatch status. Any undistributed dividend for the previous year is subject to a one-time 5% tax on the un-undistributed profit.

Provisional Income Tax filing: The government collects the current year's income tax in advance for fiscal purposes. (Half of the previous year's income tax is collected). 

Withholding of various types of income: The Income Tax Law stipulates that the withholding unit (company) should withhold income tax from the taxpayer's income when the taxpayer pays the taxpayer's income (including salary, rent, dividend, practitioner's fee, etc), add up the information of the annual payment, and fill out a withholding (exemption) voucher in accordance with the regulations, and then file the withholding (exemption) vouchers with the taxpayers after reporting to the tax authorities within the time limit.
 

Article 22-1 of the Company Law: The new company law stipulates that information on responsible persons and major shareholders of a company should be declared periodically and annually upon changes.

​