Innovate and Save!
April 1 is the day after Easter for Christians and April Fool’s Day for Koreans. For corporations, however, it’s the day after the due...
Saving Your VAT
I’d like to introduce how we can save your VAT through your credit/debit card, it looks like a bit complicated to register your credit...
Accountant in Korea
In the United States, people can prepare tax returns without the need of a license. In which case an EA (Enrolled Agent) and a CPA...
Filing an Income Tax Return
Around eight million sole proprietors are preparing the Global Income Tax Return in May. Are you? A lot of expats who are working in a...
Non-taxable Incomes in Korea
Many multinational companies in Korea do not include their payroll schedule in non-taxable income based on Korean tax laws. These...
5 Things to Check When Filing Taxes in Korea
1. Are you salaried as a regular employee? You don’t need to file taxes if you’re hired by an employer as a regular employee (정규직, i. e.,...
Entity Set-up in Korea
Since the amendment of the commercial law in 2012, the articles of incorporation have become a lot easier for everyone in Korea. There...
Want to Save the VAT? Drive a Right Car
If you run a business in Korea, then you already know that the 25th of April marks the due date for your Q1 VAT payment. What many of you...
Individual Income Tax in Korea
Over the years, I have gotten a lot of questions about Individual income tax; most frequently, expats ask about the year-end settlement...
Introducing the "Yellow Umbrella" Union for small business owners
I’d like to introduce the “Yellow Umbrella” Union for SME owners. It's basically a government-sponsored rainy-day fund for owners of...
