A terminal apparatus and a method for time synchronization are provided. The method includes setting a reference time for a time synchronization with another terminal apparatus, transmitting a sync signal comprising the set reference time to the other terminal apparatus, and if a response signal to the sync signal is received from the other terminal apparatus, performing the time synchronization with the other terminal apparatus based on a transmission time of the sync signal and a reception time of the response signal. Therefore, a terminal apparatus further simply and rapidly performs a time synchronization with another terminal apparatus.