Changes to the 2025 Year-End Tax Settlement

As the year-end tax settlement season approaches, the same questions arise every year: What has changed this year? Where should I start preparing for the year-end tax settlement? This article will explore this. Year-end tax settlement과 2025 attribution We've compiled a comprehensive overview of the essential changes and practical tips for your year-end tax settlement. We'll cover everything from key changes in each item, preparation checklists, real-world examples, and refund tips.

Expanding reporting methods and electronic data provision

Changes to electronic submission

Electronic filing is becoming increasingly important for both businesses and employees. The scope of data provided through the simplified year-end tax settlement service is expanding, and the proportion of mobile submissions is increasing.

Practical Tips

• Check the instructions from the company and prepare a public certificate or simple authentication in advance.
• For items omitted in the simplified year-end tax settlement, keep receipts separately and upload them electronically.
• 팁 Before actual submission, run a simulation to check the expected refund amount.

Adjustment of deduction items and change of criteria

Notes on each deduction item

Rather than the basic deduction or earned income deduction itself changing significantly, the income requirements, document submission method, and application criteria for each deduction are often adjusted in detail.

Specific examples and response methods

• As the method of providing receipts for deductions on education and medical expenses may be strengthened, be sure to keep the originals.
• It is important to distinguish between the purposes of use for credit card and cash receipt deductions, so organize the usage details for each card.

New or expanded deductions and exemptions

New Benefit Checkpoints

Depending on government policy, new deductions or special exemptions may be introduced for certain social welfare or environmentally friendly expenditures. For these items, you should check the deduction requirements and application procedures in advance.

Practical examples

• To apply for the newly introduced deduction, you must provide proof of the item name and purpose of use on the receipt.
• First, check with your company's HR department or tax accountant to see if duplicate deductions are possible.

Detailed changes to medical, education, and housing expense deductions

Things to note about medical expenses

The scope of medical expense deductions and the method of documentation can be detailed. It's helpful to organize non-covered items and actual cost insurance payments in advance for easier reporting.

Tips for tuition and housing expenses

• For tuition and online education fees, please check the business registration information and receipt.
• For tax benefits related to housing, prepare proof of contract such as a lease agreement.

Family deduction and dependent recognition criteria

Changes in the scope and requirements for dependents

The criteria for recognizing dependents may be adjusted based on factors such as age and income, and the processing method may also vary depending on whether or not the person is living together or living apart.

Verification procedures and tips

• Before reporting as a dependent, prepare a copy of your resident registration and proof of income.
• If your parents or children's income changes, notify the company immediately.

Handling of irregular income earners such as freelancers and business owners

Scope of application of withholding tax and year-end tax settlement

Freelancers and self-employed individuals have separate areas for filing their year-end tax settlement and comprehensive income tax returns. If you have income other than earned income, the reporting method and required documents will differ.

Practical Tips

• For freelancers, organize your income and expenditure details by month to prepare for your comprehensive income tax return.
• Workers with business income can check the possibility of additional payment or refund after year-end tax settlement.

Refund timing and objection procedures

Understanding the Refund Flow

Year-end tax refunds may vary depending on your company's settlement schedule and computer processing speed. If a refund is delayed or an error occurs, you can request a correction through the objection process.

Step-by-step tips for filing an objection

• First, consult with your in-house tax representative, and if necessary, contact the National Tax Service Hometax.
• Prepare both scanned copies and originals of supporting documents and submit them by the deadline.

Comparison and Checklist

Before and after comparison table

• Summary of guidelines for changes to attribution in 2025 compared to existing processing methods.
• Expanding the scope of document submission vs. supplementing with electronic data
• Manual Receipt Archiving vs. Mobile Uploads

Year-end Tax Settlement Preparation Checklist

• Check the information provided by the simplified year-end tax settlement service.
• Organize receipts proving major deductions, such as education, medical, and housing expenses.
• Obtain proof of income for dependents and copies of resident registration
• Preparing income and expenditure statements related to freelance and business income
• Check the additional documents and deadlines required by the company

Frequently Asked Questions FAQ

Q1 When is the year-end tax settlement applied?

Year-end tax settlement 2025 attribution This is the process of settling your income at the beginning of the following year. Companies typically announce a settlement schedule, so you can submit your documents according to that schedule.

Q2 How should I handle receipts that are not included in the simplified service?

For items not included in the streamlined service, you must submit receipts in person or upload them electronically. You may be required to retain the originals, so check your company's guidelines.

Q3 Has the family deduction recognition standard changed?

The criteria for dependent recognition, including income and age, may be strengthened or adjusted. If there are any changes in your or your child's income, please check and report them immediately.

Q4 Where should I contact if my refund is delayed?

First, contact your company's HR or tax representative. If you have difficulty resolving the issue, contact the National Tax Service Hometax or your tax office to receive guidance on the objection process.

Q5 How should workers with freelance income report their income?

Employment income is classified through the company's year-end tax settlement, while other income is classified through the comprehensive income tax return. If necessary, consult a tax accountant to check for double reporting or overlapping deductions.

Summary 1. Year-end tax settlements should focus on the expansion of electronic data provision and changes to detailed deduction criteria.

Summary 2 The main documents to prepare are proof of education expenses, medical expenses, dependents, and freelance income and expenditure details.

Summary 3 If a refund is delayed or an error occurs, file an objection with the company and the National Tax Service.

Finally, preparing for your year-end tax settlement in advance is the most effective tax-saving strategy. This season, Year-end tax settlement과 2025 attribution By checking for changes and preparing your documents in advance, you can reduce unnecessary errors and receive your refund faster.