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6. Tax Return and Payment
a. Preliminary Return and Payment
	(1)    A trader is required to file a return on the tax base and tax amount payable or
		refundable to the appropriate tax office within 25 days (50 days in case of foreign
		corporations) from the date of termination of each preliminary return period; the first
		preliminary taxable period is from January 1 through March 31, and the second
		preliminary taxable period is from July 1 through September 30.
		(a)  Notwithstanding the provisions above, an individual trader is required to pay the
			tax amount equivalent to half of that paid for the regular return period immediately
			preceeding. Tax amount less than 100,000 won is not collected.
		(b)  If an individual trader whose tax amount to be reported under a preliminary
			return, due to the suspension of the business, business depression, or his or her
			wishes of an early refund, is less than one-third of the amount of tax paid for the
			immediately preceding regular return period, then the actual tax amount collected or
			refundable during the preliminary return period may be reported.
		(c)  An individual trader who has no tax amount payable for the immediately
			preceding year or who is establishing a new business during the preliminary return
			period shall report the actual tax amount collected (or refundable) during the
			preliminary return period.
	(2)    A trader shall pay the tax amount payable for the preliminary return period to the
		appropriate tax office at the time of filing the return.
	(3)	If a trader is approved as a taxable unit by the superintendent of the competent tax
		office of his or her main place of business, the trader shall sum up and report to the
		superintendant the tax returns for all business places.
b. Final Return and Payment
	(1)    A trader must file to the competent tax office a return on the tax base and the tax
		amount payable or refundable in respect of each taxable period within 25 days (50 days
		in case of foreign corporations) after the expiration of the taxable period concerned.
	(2)   A trader is required to pay the tax amount payable to the competent tax office at the
		time of filing the return.
	(3)   If a trader is approved as a taxable unit by the superintendent of the competent tax
		office of his or her main place of business, the trader shall sum up and report to the
		superintendant the tax returns for all business places.
c. Presentation of a Schedule of Summary of the Tax Invoices
	(1)   A trader is required to submit an aggregate summary of the tax invoices classified
		by sales place and purchase place at the time of the preliminary return or final return.
		However, if prescribed by law or the Presidential Decree, a trader may submit the above
		documents at the time of the final return concerned.
	(2)   A trader may submit to the competent tax office a schedule of tax invoices which he
		or she failed to submit at the time of filing each preliminary return and at the time of the
		final return for the taxable period in which the preliminary return period concerned falls
		upon.
	(3)   Collectors of customs houses who issued tax invoices and the national and local
		authorities, associations of local authorities, or the other bodies that received tax
		invoices should, even if they are not liable to pay value-added tax, submit to the
		competent tax office a schedule of the tax invoices.
d. Payment Place
	A taxable person is required to pay the value-added tax at each business place.
	However, in cases where a trader has more than two business places, he or she may
	pay the entire value-added tax at the main business place with approval from the
	competent tax office having jurisdiction over the main business place.
e. Reverse Charge
	A person who receives supply of services from a non-resident or foreign corporation in
	case of (1) or (2) shall collect the VAT at the time of the payment for such services and
	pay the amount to the government, except in cases where services received are used in
	taxable operations.
	(1)	A non-resident or a foreign corporation not owning a place of business in Korea
	(2)	A non-resident or foreign corporation with a permanent establishment supplies
		service not attributable and related to a domestic place
f. Tax Manager
	(1) Where an individual trader falls under any of the following categories, he or she
		should designate a tax manager to deal with the filing of tax returns, payment, refund and
		any other necessary matters, and report it to the competent tax office:
		(a) where he or she is not normally stationed at the business place;
		(b) where he or she intends to stay in other countries for a period of more than six months.
	(2) If a trader deems it necessary, he or she may designate a tax manager with certain
		qualifications to deal with the filing of tax returns, payment, refund and any other
		necessary matters.