For business premises resident tax, if a business entity has established its place of business as of July 1st and uses a total floor area (exclusive area + common area) exceeding 330㎡, you are required to make a payment. You should pay the base tax amount plus an additional KRW 250 per 1㎡ of the total floor area (exclusive area + common area).

 

The base tax amounts are as follows:
For individual business owners: KRW 62,500
For corporate business owners, the base tax depends on the capital as follows:
- Capital exceeding KRW 50 billion:  KRW 250,000;
- Capital exceeding KRW 30 billion but not exceeding KRW 50 billion : KRW125,000;
- Capital not exceeding KRW 30 billion (including other corporations): KRW 62,500.

 

Please ensure that you calculate and pay the applicable amount based on these guidelines for your business premises resident tax.