Korean Tax Blog

In Korean inheritance law, the order of inheritance prioritizes the closest kin to the deceased. If there are multiple heirs of the same...

Renouncing an inheritance in Korea is a legal option available to heirs who wish to decline their inherited assets or liabilities....

Understanding the Flat Tax Rate for Expatriate Employees in South Korea. South Korea, characterized by its dynamic economy and vibrant...

Income tax reduction for foreign technical professionals For the labor income earned by *Foreign technical professionals who provide...

Foreigners inheriting property in Korea face unique legal and cultural challenges. This article aims to provide comprehensive advice on...

For more details, please send an e-mail to jz@taxjz.com or If you would like a free consultation with an English-speaking Accountant in...

In Korea, the inheritance tax system is designed to levy taxes on the transfer of assets upon the death of an individual. This tax...

1. Submission of Tax Reduction Application Employees who wish to apply for tax reduction must submit the "Small and Medium Enterprise...

How to prepare for the year-end tax settlement in 2023 The year-end tax settlement is a process of recalculating your income and tax...

I got a lot of questions regarding how many financial statements to liquidate an entity. Practically, two financial statements are...