Korean Tax Blog

October VAT Deadline: What Foreign Business Owners in Korea Should Know “I run a business in Korea. Do I need to file VAT this October?” If you are a foreign business owner in Korea, October is an important month to check your Value Added Tax (VAT) obligations. However, not every business has the same filing requirement. Whether you need to file a VAT return or simply pay a preliminary tax notice depends on your business structure and VAT status. What Is the October VAT Deadl

Working as a Freelancer in Korea? What Taxes Should Foreigners Know About? “I’m working as a freelancer in Korea. Do I need to pay Korean taxes?” This is a common question among foreigners who work independently, provide services, or earn income outside of a regular employment contract. The answer depends on the type of work you do and how your income is classified for Korean tax purposes. 1. Freelancer Income Can Be Taxable If you independently provide services in Korea and