Korean Tax Blog

On December 19, 2024, the South Korean Supreme Court made a landmark ruling that conditional bonuses, such as regular bonuses tied to...

Navigating Korea’s tax system can seem complex, but understanding personal deductions can help reduce your taxable income and maximize...

Starting from 2022, significant changes have been introduced to the valuation method for cryptocurrencies when they are inherited or...

Year-end tax settlement in Korea is a crucial time for employees, as it determines whether you owe additional taxes or qualify for a...

When inheriting property or other assets from a Korean grandparent, navigating Korea's inheritance process can be challenging, especially...

If you're a foreign worker in Korea with children studying abroad, you might wonder whether you can claim education tax deductions for...

Yes, You Can! Even if the spouse does not live together in the country, if the spouse's annual income is less than 1 million won, a basic...

Whether tuition fees paid to children's foreign schools are eligible for education expense deduction. In 1997, NTS refused to deduct...

Introduction The year-end tax settlement (연말정산) in Korea is an essential process for salaried employees, providing opportunities to claim...

Introduction As the year comes to a close, many of us start thinking about one thing: taxes. Year-end tax planning is an excellent...