Tax Deductions for salary income
Today, I’d like to give you an overview of personal tax deductions in Korea. The eligibility criteria for personal deductions for Korean...
Non-taxable Income
When you hire a full-time staff member in Korea, be they a “contract” employee (계약직) or a “regular” employee (정규직), you have to provide...
Car Allowance
I’d like to let you guys know about the non-taxable income salaries for employees, have you ever heard about it? I’m not talking about...
Good Credit for a Rainy Day
Whether you’ve lived here all your life, you’re an expat who just arrived, or you’re a small business trying to become a big business,...
SSP(Social Security Program) in Korea
The National Health Insurance Service (NHIS) has announced that, as of 1 January, 2015, the premium has increased by 1.35% from 5.99% up...
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...
Individual Income Tax
Many expats have recently come to me with questions about the Individual Income Tax as they prepared their Year-end Settlement documents...
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...
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...
