Korean Tax Blog

I think you may get this NTS letter recently and need to prepare return and pay taxes by the end of May. Most of salaried employee who...

Please do not miss your VAT return(for the 1st quarter of 2018FY) by the 25th of April if it's an incorporation. For sole proprietors,...

Do I need to file a tax return even I have only salary income? Yes, if you had more than an employer or 2 different income sources in a...

According to the Korean standard labor law, all of employer should pay the Retirement allowance(=severance payment, retirement fund) to...

Is Housing allowance taxable income? Even if an employer didn't pay it added on a monthly salary? If your employer pay it added on your...

A company(financially closed as of Dec. 31, 2017) should submit the CTR(Corp. Income Tax Return) by the 2nd of April without any...

Are you married with kids and alone in Korea? You can deduct dependents here in Korea from your salary income. Please visit the below...

Every employer's plan of the above insurance buyer need to submit those total taxable salary amount by the 12th of March according to the...

One of issues for Cryptocurrency transaction is a bank account as I stated on a previous article and this is a kind of real name issue...

It's always fluctuated, changed, appear, and disappear... There are 2 issues in my country for Cryptocurrency transaction, first is real...