Year-end settlement method for mid-term employees (ft. May, refund inquiry)
Year-end settlement
If you continue to work for the company, the company will do year-end tax settlement, but if you leave mid-term, you cannot proceed with the year-end tax settlement through the company.
Therefore, those who leave mid-term may be confused about how to make year-end tax settlement, but this problem can be solved easily and simply than you think.
Therefore, below, we will learn about the year-end tax settlement method for mid-term retirees.
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– index –
Year-end settlement method for mid-term employees (ft. May, refund inquiry)
1. Year-end settlement process for those who leave mid-term
2. Detailed method of year-end settlement for those who leave mid-term (ft. Hometax of National Tax Service) 중도퇴사자 연말정산
3. Notes on year-end settlement for those who leave mid-term (ft. refund)
4. Concluding
1. Year-end settlement process for those who leave mid-term 좋은뉴스
The method of year-end settlement for those who quit midway depends on whether they have been re-employed or have not been able to find a job yet.
1.1 Re-employment
If you are re-employed, you can request a year-end tax settlement at your current place of employment. Instead, you can request a ‘income withholding tax receipt’ from your previous place of employment and submit the data to your current place of employment.
The method of year-end tax settlement is the same, except that you must additionally submit the wage and salary income withholding tax receipt from the previous place of employment.
1.2 When not employed
If you are still looking for a job, you must file your own income tax return.
Unlike year-end tax settlement, income declaration must be done in May of the following year, not at the end of the year.
For your reference, the global income report will be based on the wage and salary income withholding tax receipt and year-end tax simplification service data from the previous place of employment. The detailed method will be explained below.
2. Detailed method of year-end settlement for those who leave mid-term (ft. Hometax of National Tax Service)
1) First, access the ‘National Tax Service Hometax Homepage’.
2) Click ‘Login’ at the top of the screen and log in.
3) After logging in, click ‘Report/Payment – Global Income Tax’ at the top of the screen.
4) On the screen, click ‘Wage and Earned Income Report – Create Periodic Report’.
5) If you click the ‘Inquiry’ and ‘Recall Year-end Settlement’ buttons next to your resident registration number, your information is automatically loaded. If there are any blank fields, fill in additional fields and click the ‘Save and Go to Next’ button.
6) Check the income statement by place of work. If there are any missing or incorrect items, you can correct them by clicking the ‘Enter/Edit’ button.
– In the pop-up screen that appears when you click the ‘Input/Edit’ button, click ‘Income statement data by place of work’ at the top to automatically load the contents. If the content is not automatically loaded, please enter it yourself. When you have entered all information, click ‘Register’.
– If there are two or more previous workplaces within one year, repeat the above process.
– If you have entered the details of all previous workplaces, select all the items added under the ‘Register’ button and click the ‘Apply’ button.
7) Check the personal deduction details. If there are any missing or incorrect items, you can correct them by clicking the ‘Enter/Edit’ button.
– In the pop-up screen that appears when you click the ‘Input/Edit’ button, enter the resident registration number of the deductible that is missing and click ‘OK’. Then, after entering the relationship and personal deduction items, click the ‘Register’ button.
– If more than one person is missing, repeat the above process.
– You can also edit/delete personal deductions by selecting a deductible person from the list of persons subject to personal deduction and clicking the ‘Modify or delete selection’ button.
– When input and deletion are completed, click the ‘Entry Complete’ button.
8) Check the details of other and special deductions. Please enter any information that applies to you, such as national pension premium deductions and insurance premiums.
9) Check other income deductions, tax reductions and exemptions, and tax deductions. If there is any missing information, you can enter it. If you use the ‘Calculator’ button for each item, it is automatically calculated and convenient.
10) When you have entered all the deductions, click the ‘Complete declaration form’ button at the bottom of the screen.
11) Finally, after checking the summary screen of the report, if there is no problem, select whether or not to agree to the provision of personal information and click the ‘Submit report’ button.
3. Notes on year-end settlement for those who leave mid-term (ft. refund)
1) Insurance premiums, medical expenses, education expenses, housing funds, and credit card usage are not deducted for the period after leaving the company – before joining the company. Please note that these items are deductible only for the period of service.
2) Pension insurance premium deduction, personal pension savings deduction, pension savings account tax deduction, investment union investment, etc., small business/small business deduction income deduction, donation deduction, monthly rent deduction, etc. can be deducted from the total amount regardless of the working period. .
3) If you are an office worker and have additional income, you must do the year-end tax settlement at your workplace and then file a tax return by adding up your earned income and other income when filing a global income tax return in May of the following year and adding a direct income deduction.
4) If there is more than one place of work, determine the main place of work and submit ‘income withholding tax receipts’ for other places of work, and the withholding agent at the main place of work must add them to the year-end settlement.
5) Refunds can be received if the amount of tax to be paid is – rather than +, after completing the declaration form.
4. Concluding
Today, we learned about the year-end tax settlement for mid-term retirees.
You may have a difficult time, but I hope you receive a little benefit by getting a tax refund through year-end settlement.
Thank you for reading to the end, and I hope this article was helpful.
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