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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...
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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...
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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...
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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.,...
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Incorporation
The population of non-Koreans living in Korea continues to rise, and more and more long-term foreign residents consider establishing a...
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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...
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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...
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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...
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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...