Korean Tax Blog

November 10 Withholding Tax Deadline: What Foreign Business Owners in Korea Need to Know “I paid employees or freelancers in Korea last month. Do I have a tax deadline today?” If you operate a business in Korea and paid certain types of income in October, November 10, 2026 may be an important withholding tax deadline. Foreign business owners are generally subject to the same Korean withholding tax obligations as Korean business owners. What Is Due on November 10? For monthly

Do Foreign Business Owners Need to Withhold Tax When Paying Employees or Freelancers in Korea? “I run a business in Korea and pay employees or freelancers. Do I need to deduct tax before paying them?” In many cases, yes. If you operate a business in Korea and make payments that are subject to Korean withholding tax, you may be responsible for deducting the appropriate tax from the payment and reporting it to the Korean tax authorities. Being a foreign business owner does not

In South Korea, withholding tax filings are typically required on a monthly basis. However, under certain conditions, eligible businesses...