Mazars Payroll Flash News - February 2024

On 6 February 2024, ‘Notification re: Extension of the electronic tax filing (“e-filing”) deadline (No. 7)’, issued by the Ministry of Finance, was published in the Royal Gazette. This announcement is meant to encourage the use of electronic tax filing, which allows taxpayers to file tax returns and pay their taxes eight days later than they would have to do so if filing paper returns. This notification is effective for the period from February 2024 to January 2027.

There are three major tax returns related to personal income tax. The extended electronic tax filing deadlines for these are set out below:

Tax returns	Regular deadlines	Extended deadlines for e-filing
The monthly withholding tax form (Form PND.1)	By the seventh day of the following month	By the fifteenth of the following month
The summary of annual withholding tax (Form PND.1 Kor)	By the end of the February after the tax year	By 8 March of the year after the tax year
Year-end personal income tax returns (Forms PND.90, 91 and 95)	By the end of the March after the tax year	By 8 April of the year after the tax year