Korean Tax Blog

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...

Seoul city hall decided to pay the Stimulus check to foreigners, it's around 30bil.won on June 30. More details like payment amount,...

Seoul city hall announced that they will support all of sole proprietors and small company located in Seoul while paying 1.4mil.won cash....

Every resident who earned other than salary income in Korea for 2019 FY need to file tax return by the June 1, 2020 and must pay taxes by...

Approx. 5.3mil. VAT tax payers need to file and pay for 2019FY 1st half VAT closing by the 25th of July. It's 0.9mil. entity and 4.4mil....

NTS(National Tax Services) expecting around 7.3mil. taxpayers are filing the above income tax return by the 31st of May for 2018FY...

Around 920,000 corporations need to file and pay the 1st quarter VAT return and 2,040,000 sole proprietors need to pay the interim VAT by...

Every corporation(around 790,000 company) must file the Corp. Income Tax Return and pay the tax by the 1st of April for 2018 FY. As I...

For 2018 FY national employment insurance and workmen's compensation, every employer should submit the form by the 15th of March without...

Any lay-off could be assumed as an unfair dismissal if it's done without a written notice(walking papers). And once it's judged by the...