Tax Filing

Tax return filing is an important obligation for individuals and legal entities. Taxpayers must determine which returns apply, what information and documents are required, and when the relevant procedures must be completed.

As a business grows, tax filing becomes more complex than entering figures into a form. Income, expenses, employees, suppliers, tax invoices, withholding records, accounting information, and payments must be properly connected and supported.

Using an incorrect form, omitting information, applying an inappropriate treatment, or filing late may result in additional returns, explanations, penalties, or surcharges, depending on the circumstances.

Taxpoint provides tax return preparation, review, and filing services based on each client’s information and supporting documents. We can also help clients monitor filing status and retain relevant evidence according to the agreed service scope.

Why Use a Professional Tax Filing Service?

Reduce the Risk of Incorrect Forms and Incomplete Information

Each tax return serves a different purpose and may apply under different conditions. The type of transaction, recipient, payer, and tax status should therefore be reviewed before a return is prepared.

Our team reviews the available information and identifies matters requiring correction or clarification before submission.

Save Time on Preparation and Document Follow-Up

Business owners do not need to study every form and organize all information without assistance. We provide a document checklist, review completeness, and prepare the relevant information within the agreed scope.

Prepare Funds Before Payment Is Due

Once complete information is available, we can calculate an estimated or return-based tax amount and notify the client before the applicable deadline, allowing more time for cash-flow preparation.

Apply Available Tax Treatment Based on Evidence

We consider deductions, expenses, credits, and benefits that may apply to the client’s facts and supporting documents. We do not recommend treatments that lack evidence or conflict with applicable law.

Monthly Tax Filing Services

The monthly returns required by a business depend on its transactions, payment recipients, tax registration, and activities during each period. Our service may include the following returns where applicable.

P.N.D.1 — Employee Withholding Tax

This return generally relates to tax withheld from salaries, wages, and certain employment income paid by an employer.

We review payroll information, withholding items, and the amount to be remitted before preparing the return.

P.N.D.3 — Withholding Tax on Payments to Individuals

This return may apply to certain payments made to individuals, including service fees, rent, commissions, and other income subject to withholding.

The nature of the payment, the relevant rate, and the recipient’s information should be reviewed before filing.

P.N.D.53 — Withholding Tax on Payments to Legal Entities

This return may apply to certain payments made to companies or juristic partnerships, such as service fees, rent, advertising, transportation, and other specified payments.

The nature of the service and the tax status of the supplier are important because the applicable obligation may vary.

P.P.30 — Value-Added Tax Return

This return applies to VAT-registered businesses and is prepared using output VAT and eligible input VAT information for the relevant month.

We review sales-tax reports, purchase-tax reports, tax invoices, and their consistency with the accounting records.

P.P.36 — VAT Remittance in Certain Situations

This return may apply when a payer is required to remit VAT on behalf of a foreign operator or in other circumstances specified by law.

The obligation depends on the nature of the service, where it is used, and the parties involved. Each transaction should therefore be reviewed separately.

P.T.40 — Specific Business Tax Return

This return applies to businesses or transactions subject to specific business tax, such as certain financial activities, lending activities, or sales of immovable property conducted commercially or for profit under the relevant conditions.

Annual and Periodic Tax Filing Services

P.N.D.50 — Annual Corporate Income Tax Return

This is the annual corporate income tax return for a company or juristic partnership at the end of its accounting period. The information should agree with the financial statements and applicable tax adjustments.

Taxable profit may differ from accounting profit because certain income and expense items must be adjusted under the relevant tax rules.

P.N.D.51 — Half-Year Corporate Income Tax Return

This is a half-year corporate income tax return for entities required to file under the applicable rules. It may involve an estimated net profit or another calculation method depending on the type of entity.

We review available results and supporting information to reduce the risk of relying on an estimate without an appropriate basis.

P.N.D.90 — General Personal Income Tax Return

This return generally applies to individuals receiving multiple or general categories of assessable income, such as business income, professional income, rental income, and other applicable income.

P.N.D.91 — Personal Income Tax Return for Employment Income

This return generally applies to individuals receiving only the qualifying category of employment income and meeting the conditions for using the form.

P.N.D.94 — Half-Year Personal Income Tax Return

This return applies to certain categories of income that are subject to half-year filing, including qualifying rental, professional, contracting, business, and other income.

P.N.D.1 Kor — Annual Employee Withholding Summary

This return summarizes employment income and tax withheld by an employer during the year. The information should be consistent with payroll records and monthly withholding returns.

Other Returns Where Applicable

Certain clients may be required to file additional returns, such as P.N.D.54 for particular payments to foreign legal entities, electronic stamp-duty forms, or other returns arising from specific transactions.

Our team reviews each client’s facts and agreed scope before recommending an approach.

What We Review Before Filing

Depending on the return and service scope, our review may include:

• Taxpayer names and identification numbers

• Information about payers and recipients

• Type of income or service

• Transaction dates and filing periods

• Tax bases and applicable rates

• Tax invoices and supporting documents

• Input and output VAT reports

• Withholding tax certificates

• Payroll and employee information

• Accounting income and expense balances

• Previously filed returns

• Tax credits and carried-forward balances

• Transactions requiring additional clarification

This review helps establish a traceable connection between documents, accounting records, and tax returns.

Our Tax Filing Process

Step 1: Understanding the Business and Tax Obligations

We review the business structure, tax registrations, income, payments, and previously filed returns to establish the service scope.

Step 2: Providing a Document Checklist

The client receives a list of required documents, which may include tax invoices, VAT reports, withholding records, payroll data, financial statements, and income or expense evidence.

Step 3: Reviewing and Reconciling Information

We check document completeness and compare the information with relevant accounting records and reports. Questions are raised with the client before preparation continues.

Step 4: Calculating and Preparing the Return

We calculate the tax base, amount payable, available credits, and other relevant items based on the information provided.

Step 5: Confirming the Amount with the Client

The client receives the estimated or return-based tax amount and relevant information for review before submission.

Step 6: Filing Through the Appropriate Channel

Returns are submitted through RD e-Filing or another appropriate channel according to the authorization provided, the service scope, and the conditions applying to the specific return.

Step 7: Monitoring Payment and Retaining Evidence

After filing, the client should complete payment within the applicable deadline and verify the transaction status. We help retain filing confirmations, receipts, and related evidence within the service scope.

Documents That May Be Required

The required documents depend on the tax return. They may include:

• Company registration and taxpayer information

• Income and expense details

• Invoices, receipts, and tax invoices

• Input and output VAT reports

• Withholding tax certificates

• Supplier-payment details

• Payroll reports and employee information

• Bank statements

• Trial balances and general ledgers

• Financial statements and supporting schedules

• Evidence of deductions or tax benefits

• Copies of previously filed returns and receipts

• Documentation for international transactions

If information is incomplete, we notify the client of the items required before the return is finalized.

Who Can Benefit from This Service?

Our tax filing service is suitable for:

• Individuals receiving several categories of income

• Freelancers and independent professionals

• Online stores and service businesses

• Employers with payroll obligations

• Companies and juristic partnerships

• VAT-registered businesses

• Organizations with many withholding transactions

• Businesses dealing with foreign suppliers or transactions

• Taxpayers with late or missing returns

• Businesses seeking better consistency between tax and accounting records

Benefits of Professional Support

• Less time spent studying and preparing tax forms

• A document checklist for each filing period

• Reduced risk of using an inappropriate form or treatment

• Earlier visibility of expected tax payments

• Organized filing evidence and records

• Better monitoring of monthly and annual returns

• Professional support for uncertain transactions

• Improved consistency between accounting and tax information

• Reduced risk of several filing periods becoming overdue

• More time for owners to focus on business operations

Why Choose Taxpoint?

Review Based on Actual Information

We consider supporting evidence and the consistency of information rather than relying solely on summary figures.

Support for Multiple Tax Return Types

Our team can support monthly, periodic, and annual returns according to each client’s obligations.

Issues Communicated Before Filing

When information is incomplete or a transaction requires clarification, we notify the client before the return is confirmed.

Confidential Handling of Information

Income, expense, payroll, and business-transaction information is handled according to our working procedures.

Professional Quality Control

Services are provided by a team with accounting and tax experience, with quality oversight from Tax Auditors (TA) and Certified Public Accountants (CPA).

Clear Scope and Fees

Clients understand which returns are included, what documents are required, the expected process, and the service fees before work begins.

Frequently Asked Questions

Must a return be filed if there were no transactions?

The answer depends on the taxpayer’s registration status and the requirements of each return. Certain returns may still be required even when no tax is payable.

Can an overdue return still be filed?

RD e-Filing supports certain normal, additional, and overdue filings subject to system conditions. Penalties, surcharges, or additional procedures may apply, so the matter should be addressed promptly.

What should I do if a return was filed incorrectly?

The appropriate correction depends on the return, the error, and when it was discovered. An additional return or another procedure may be required after the facts are reviewed.

Can accounting-software data be filed without review?

The information should first be reconciled with supporting documents. A recorded transaction does not automatically mean that the accounting and tax treatment is complete and correct.

Is filing complete immediately after the data is submitted?

The filing status, payment, and system evidence should all be checked, particularly where tax is payable.

Does Taxpoint guarantee that no error will occur?

No provider should guarantee a result without considering the accuracy and completeness of client information. Our objective is to perform a systematic review and reduce preventable errors.

Do Not Wait Until the Filing Deadline

Smooth tax filing begins with continuous document organization, not with collecting information on the final day. Preparing in advance allows more time for review, correction, and cash-flow planning.

Let Taxpoint prepare, review, and support your tax return filings so that you can focus on operating and developing your business.

Taxpoint — Where You Meet a Better Understanding of Accounting and Tax

Contact us for a free initial consultation and discuss the tax filing service that suits your needs.

Disclaimer: Tax obligations, filing deadlines, and procedures depend on the taxpayer’s status, facts, supporting documents, and the laws applicable at the relevant time. Check the latest information with the Revenue Department or a qualified professional before acting.