Korean Tax Blog

In South Korea, according to the National Tax Service (NTS), there are 9.6 million businesses, and 7.4 million of them are...

Signing up for Hometax is essential for year-end tax settlement, various declarations, issuance of electronic tax invoices, issuance of...

Residents who earned income in Korea need to file the captioned return by the end of May, you can visit a tax office near you with your...

NTS(National Tax Services) expecting around 7.3mil. taxpayers are filing the above income tax return by the 31st of May for 2018FY...

Every corporation(around 790,000 company) must file the Corp. Income Tax Return and pay the tax by the 1st of April for 2018 FY. As I...

if you're a salary incomer, sooner or later from Jan. 15, 2019, you guys can download all of deductible items from the Hometax(홈택스:...

For salary income, those check/credit card amount will be a tax deductible expenses with 3mil.won maximum. Once you wiped 13mil.won while...

You may get the attached letter from the NTS, this is the notice letter for the last VAT return of 2017FY. Every company need to file VAT...

Now you got the tax receipts as below from your employer, then you're not a contractor or 3.3% tax payer, and this is your turn to review...