Understanding Korea's Wealth Transfer Tax
Introduction Wealth transfer tax in Korea, which includes inheritance and gift taxes, plays a significant role in estate planning and...
Understanding Personal Interim Tax in Korea
What Is Personal Interim Tax? Personal interim tax in Korea, often referred to as "prepayment of income tax" (중간예납 세금), is a tax system...
Understanding the Korean Death Tax (Inheritance Tax)
What Is the Korean Death Tax? The Korean death tax, known as the inheritance tax (상속세), is a tax levied on the estate of a deceased...
Understanding Interim Payments for Korean Individual Business Taxes: Did you get the bill?
Introduction Navigating the tax landscape can be daunting for businesses in Korea, particularly when it comes to interim payments. These...
You can pay the interim tax @Hometax by the 2nd of Dec.
Summary of Interim Tax Prepayments from NTS Website The National Tax Service (NTS) in Korea provides a detailed explanation regarding...
Ultimate Guide to Korea Income Tax Prepayments: What You Need to Know for November
As we move into the latter part of the year, it’s important for taxpayers in Korea to remember the requirement for income tax...
Korea Interim Income Tax Guide: Everything You Need to Know
In Korea, tax regulations are designed to ensure that both individuals and businesses contribute to the government’s revenue in a timely...
Korea NPS Lump-Sum Refund for Expats: How to Claim Your Pension Contributions
If you are an expat who has contributed to the National Pension System (NPS) in Korea and are planning to leave the country, you might...
Korea National Pension System for Expats: What You Need to Know
The National Pension System (NPS) in Korea plays a vital role in providing retirement, disability, and survivor benefits to workers. For...
Understanding the Deathbed Gift (사인증여) and Its Conditions in Korea
A "gift effective upon death," or 사인증여 (sainjeungyeo), is a unique form of asset transfer that becomes valid only upon the donor's death....