Korean Tax Blog

Now you got the tax receipts as below from your employer, then you're not a contractor or 3.3% tax payer, and this is your turn to review...

April 1 is the day after Easter for Christians and April Fool’s Day for Koreans. For corporations, however, it’s the day after the due...

This Notice letter is for the VAT Exempted Sole-Proprietor(부가가치세 면세사업자), and asking to report your status of 2016FY by the 10th of...

Year-end Settlement of salary income

You may got this notice letter from the tax office if your address was registered correctly. Every company and sole proprietor(other than...

A listed company used to hold the Annual General Meeting(정기주주총회) in March, since almost all of the company’s fiscal year is ended in...

A lot of Expats didn’t file a Korean Tax Return during his stay in Korea, and neither for US Tax Return to IRS since didn’t know how to...

Today, I’d like to give you an overview of personal tax deductions in Korea. The eligibility criteria for personal deductions for Korean...

Up until the end of 2012, some employers with fewer than 5 employees were able to pay just 50% of the standard severance payment....

Congrats! This is the notice letter for your tax refund and it'll be refunded sooner or later to your bank account registered at the tax...