PAPA(American: non-Resident) Gave Me 20K U$, Do I(American: resident) need to Pay the Gift tax in Korea?
As an expat living in Korea, understanding the local tax regulations can be a bit daunting, especially when it comes to receiving gifts...
Understanding Korea's Inheritance Tax for Non-Resident Foreigners
Inheritance tax is a complex subject, especially for non-resident foreigners dealing with assets in Korea. In this article, we’ll break...
Understanding the Korean Death Tax (Inheritance Tax)
What Is the Korean Death Tax? The Korean death tax, known as the inheritance tax (상속세), is a tax levied on the estate of a deceased...
Understanding the Key Changes in 2023 Year-End Tax Settlement
*www.hometax.go.kr In 2023, NTS introduced several important changes to its year-end tax settlement for salaried taxpayers, impacting...
