VAT Return by Apr. 26
NTS(National Tax Service) announced their plan for the 1st quarter VAT return under the pandemic situation to help a small entities. Last...
Global Income Tax Return in Korea(종합소득세)
Residents who earned income in Korea need to file the captioned return by the end of May, you can visit a tax office near you with your...
Inheritance Tax
there is a inheritance tax for successors in Korea and must file it in 6 months if one of successors were a resident in Korea. But if...
VAT Return for the 2nd half of 2020 FY
NTS(National Tax Services) announced on Jan. 6 to delay the due date for a month for every "Sole-proprietorships" due to the pandemic...
Check Tax Refund
There is around 130mil. U$ is sleeping on the NTS account for tax refund as of May 2020. A lot of E-2 visa holder left back home without...
사업장현황신고, Workplace Status Report
Every VAT exempt sole-proprietorships need to file the above captioned report by the 10th of Feb. 2021. Usually Hagwon owner, hospital,...
Internal Cash Fraud Audit
Audit firms are ready for providing services for this cash fraud, since a lot of SME(Small and Medium Entity) worried about this fraud...
Housing Lease Protection Act
The following is major amendment for Lessee from July 31, 2020; 1. Lessee can ask renewal once, so totally 4 year-long lease term...
FDI Liaison Office Establishment
Set up a not-for-profit organization is a good idea for getting the E-7 VISA in Korea, it's called a liaison office or representative...
Stimulus payment to foreigners
Seoul city hall decided to pay the Stimulus check to foreigners, it's around 30bil.won on June 30. More details like payment amount,...
