Is my monthly rental charge a deductible expenses to a foreigner?(월세공제)
Nope, it's not a deductible items for your salaried income if you're a alien in Korea. If your salary income was less than 70mil.won,...
Korean Income Tax Rate(소득세율)
Above table is Korean tax rate for Individual income tax as of now, minimum is 6% and 42% is the maximum, the local tax 10% of income tax...
Why you need a check or credit card to save your tax?
For salary income, those check/credit card amount will be a tax deductible expenses with 3mil.won maximum. Once you wiped 13mil.won while...
Global Income Tax Return
I think you may get this NTS letter recently and need to prepare return and pay taxes by the end of May. Most of salaried employee who...
Year-end tax settlement(연말정산)
2017 Year-end tax settlement data at the Hometax will be ready from Jan.15, and you can download all of deductible items there and submit...
Tax Receipts: 근로소득 원천징수영수증
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...
Year-end Settlement for Salaried Income: 연말정산
Year-end Settlement of salary income
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...
5 Liabilities in Korea for a Corporation
Any countries has these kind of compulsory liabilities to the people and entities, but it’s a bit different rate and various kinds...
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...
