When an employee has resigned and the mid-term income tax settlement has been completed, but additional income or deduction items need to be reflected afterward, this feature is used to easily apply only the difference from the previous settlement to payroll without having to redo the entire settlement from scratch.
Re-settling Mid-Term Tax Settlement
Re-settlement can only be initiated for resigned employees who have a completed mid-term settlement on record.
If a settlement is still in progress and corrections are needed, please make changes within the ongoing mid-term settlement.
Mid-term settlement re-settlement is only available through the mid-term settlement process that is conducted together with payroll settlement.
For more details, please refer to the Mid-Term Settlement Guide (Year-End Tax Settlement for Mid-Year Resignees) .
In the [Summary * Target Settings] step of the mid-term settlement, members who already have a completed mid-term settlement will be set to [Excluded]. However, if they are set back to [Included], they become eligible for mid-term settlement re-settlement.
Once the re-settlement is complete, you can compare the results of the re-settlement and the previous settlement in the settlement results view.
The final computed amount, which is the difference between the re-settlement and the previous settlement, is reflected as the deduction amount in the actual payroll for that month.
Once the settlement is complete, you can also verify it in the payslip.
Once the settlement is complete, you can view both the previous mid-term settlement and the re-settlement records in the Year-End Tax Settlement - Mid-Term Settlement - Status by Target menu.
If mid-term settlement has been processed multiple times, the most recent settlement is displayed at the top, and previous settlements are shown in the rows below.
For mid-term settlements processed within the mid-term settlement step of a payroll settlement, you can quickly navigate to the corresponding payroll settlement by hovering over "Linked".
FAQ
When starting a mid-term settlement re-settlement, what happens to the previous settlement? (Important)
When starting a mid-term settlement re-settlement, what happens to the previous settlement? (Important)
The previous mid-term settlement is changed to a Locked state.
The following actions are not possible while in the locked state.
The payroll settlement containing the previous mid-term settlement cannot be deleted.
In the mid-term settlement step of the previous payroll settlement, all information (social insurance, income tax, etc.) for that target cannot be modified.
How is the re-settlement result reflected in the withholding tax report?
How is the re-settlement result reflected in the withholding tax report?
Re-settlement details can be reflected in the withholding tax report in two ways depending on the situation.
The reporting method may differ from the above guidance depending on company policy, so please refer to the above information and choose the method that fits your company.
Filing an amended return
This is used when the re-settlement is conducted after the regular filing period has passed and corrections to the previously filed content are needed.
When creating an amended return, if you select both the previous payroll settlement containing the first settlement and the current payroll settlement containing the re-settlement, a report with the re-settlement results finally reflected will be generated.
Reflecting the difference in the regular filing
In principle, an amended return should be filed, but for convenience, this is used when you want to simply include only the difference amount of the re-settlement in a new regular filing form without filing a separate amended return.
When creating a regular filing, select the payroll settlement that includes the re-settlement.
In the mid-year resignee (A02) section of the filing, you can select and reflect the difference amount generated by the re-settlement.
Is the re-settlement result not reflected in the local income tax filing?
Is the re-settlement result not reflected in the local income tax filing?
Since no separate amended return is filed for local income tax, this is not provided.