Navigating Shareholder Responsibilities and Tax Implications in Korean Corporations
Acquiring an existing corporation in Korea involves several critical considerations to ensure a smooth transition and compliance with...
Guide to Semi-Annual Withholding Tax Filing in Korea: Eligibility and Benefits
In South Korea, withholding tax filings are typically required on a monthly basis. However, under certain conditions, eligible businesses...
How to Report Freelance Income from Abroad in Korea
If you are residing in Korea and receiving a freelance-type salary from a foreign company without a legal entity in Korea, it may not...
How to Adjust Preliminary Income Tax Payments in Korea for Reduced 2024 Earnings
If you’ve received a preliminary income tax notice (중간예납안내문) and a payment notice in Korea, it generally requires you to pay half of the...
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...
