Year-end tax settlement schedule and checklist

Korean employees usually submit prior-year deduction records to their employer early in the following year. Missed items may be addressed through a May return or correction.

Checked 2026-09-23 · Estimates and reference information, not legal or tax advice.

What is being settled

An employer compares income tax withheld during the year with the final tax for that tax year. A refund or extra withholding appears in a later payslip.

2025 income, settled in 2026

The cited schedule runs mainly from January to March 2026: obtain records, submit them to the employer, and review the resulting statement and payroll adjustment. Follow your employer’s exact deadline.

Documents to prepare

Check family information, insurance, medical and education costs, housing, pension accounts, card spending and donations. Some evidence is not automatically included in the tax portal and must be provided separately.

If you miss an item

A May comprehensive income tax return or a correction request can sometimes recover an eligible deduction. Check the applicable filing period and limitation rules.

Sources

These Korean-language sources were checked on 2026-09-23. Laws and rates may have changed; consult the originals before an important decision.