Local Income Tax Law(LITL)
Under the revised LITL, taxation scheme of the local income tax was changed and newly adopted as follows:
■ Change in taxation scheme of local income tax assessed on corporate income tax
(1) Tax base and Tax rate
The payer who bears tax withholding obligations is required to collect 1/10 of the corporate income tax withheld from the payment and file the local income tax returns to the local tax office by the 10th day of the following month.