Understanding the Korean Tax System: A Comprehensive Guide for Expat Taxpayers
Korea's tax system can be confusing, especially for expat taxpayers. One common question revolves around the fluctuating tax payments and...
Rent Deduction II
Monthly rental tax credit conditions; In order to receive a monthly rent deduction, you must meet all of the following conditions. ①...
Corp. Income Tax Return
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...
Filing Tax by the end of May
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...
Keep the due date for CTR
A company(financially closed as of Dec. 31, 2017) should submit the CTR(Corp. Income Tax Return) by the 2nd of April without any...
Accountant in Korea
In the United States, people can prepare tax returns without the need of a license. In which case an EA (Enrolled Agent) and a CPA...
Individual Income Tax
Many expats have recently come to me with questions about the Individual Income Tax as they prepared their Year-end Settlement documents...
Filing an Income Tax Return
Around eight million sole proprietors are preparing the Global Income Tax Return in May. Are you? A lot of expats who are working in a...
Non-taxable Incomes in Korea
Many multinational companies in Korea do not include their payroll schedule in non-taxable income based on Korean tax laws. These...
5 Things to Check When Filing Taxes in Korea
1. Are you salaried as a regular employee? You don’t need to file taxes if you’re hired by an employer as a regular employee (정규직, i. e.,...
