Korean Tax Blog

You may get the below tax notice and need to pay it by the end of August. I need to pay 62,500 won, it's 50,000won resident tax and...

Every incorporation should file and pay the interim corp. tax return by the end of Aug., you can just pay half of the amount you paid on...

It's 4 times(for the 1st quarter by the 25th of April, 2nd quarter by the 25th of July, 3rd quarter by the 25th of October, and the 4th...

An Incorporation need to issue a tax invoice electronically(전자세금계산서) according to the Korean tax law, so need a digital certificate(for...

When you set-up an entity, you can save entity registration tax in Yong-in city. In a metropolitan city including Seoul, actually it's...

According to the Korean standard labor law, an employer need to pay the retirement allowance to an employee(free lancer, independent...

Don't miss your 26 paid leaves if you're hired from June 2017 and worked for more than a year there. We revised standard labor law...

Nope, it's not a deductible items for your salaried income if you're a alien in Korea. If your salary income was less than 70mil.won,...

According to the Corp. tax law article No.112 and Income tax law article No.160, every business owner need to keep accounting data...

Above table is Korean tax rate for Individual income tax as of now, minimum is 6% and 42% is the maximum, the local tax 10% of income tax...