Corporate income tax filing 썸네일형 리스트형 It's time to get ready for the 2nd VAT return filing. January is the month for Value added tax filing for business owner. Let's check the baisc due dates of this tax and extended due dates for this filing. 1. VAT Filing Differences for Individual vs. Corporate Businesses The VAT filing periods differ for individual and corporate businesses in Korea. Corporate businesses are generally required to file VAT returns quarterly, while individual business.. 더보기 How Companies Share Their Earnings with Shareholders in Korea: The Dividend Process When company made money through business, it's nautal for company to think dividend which is share the money company made to each shareholders. Today, let's delve into how company can do dividend in Korea 1. When Can a Corporation Pay Dividends?1)Regular dividendA regular dividend typically occurs within three months after the end of the business period. For example, if the business period runs .. 더보기 What’s the Difference? Tax Invoice vs. Regular Invoice An invoice is a crucial document for businesses. It is a formal record issued by a seller to a buyer, detailing the goods or services provided and the corresponding payment amount. Companies send invoices to inform clients about the services rendered and their associated fees.An invoice typically includes: Buyer's and seller's information, Dates ,Description of goods or services provided,Amounts.. 더보기 Foreign Corporations Should Be Careful When Borrowing Money from HQ (Thin Capital Taxation) 1.Estalbishment of Korea subsidaryWhen a foreign company establishes a business in Korea, the HQ typically invests a minimum of 100,000,000 KRW as the capital for its Korean subsidiary.This amount represents the minimum required investment to set up a business entity in Korea.However, depending on the company’s goals and circumstances, the capital investment can exceed 100,000,000 KRW. 2.Two opt.. 더보기 Donations can cut your company tax. A donation, in tax terms, refers to giving money or goods to entities that are unrelated to a company's business. Companies often make donations as a way to share their profits with society, helping to create a more livable community.Naturally, there are tax benefits for these donations, as governments encourage companies to contribute to the public good.However, to prevent misuse of the tax ben.. 더보기 [VAT]How to Prepare for Value Added Tax (VAT) filing 1.Why VAT filing is important?The VAT return includes company's revenue amounts and cost amounts. you can check in the below example of VAT return, revenu amounts in red and cost amounts in green.(Company's all revenue amounts are shows in the VAT return but for costs amounrs it shows only related to VAT)Therefore, filing VAT means company confirm company's revnue and cost numbers in the VAT per.. 더보기 [VAT] Understanding Value Added Tax in Korea for Foreign Businesses [Tax Firm Specializing in Foreign Companies]" Sarah, a foreign national, started a business in Korea. She established a business entity in Korea, secured customers, and sold her goods. One day, she received a letter from the NTS (National Tax Service in Korea) stating that she should file a Value Added Tax (VAT) return and pay the tax. However, she has no idea what VAT is and how to file a VAT return 1.What is Value added tax? Value Added T.. 더보기 What do you know about yout Profit & Loss statement? (Tax and dues) Most small and medium-sized companies often opt to outsource their bookkeeping and payroll to tax firms. This is because bookkeeping, which involves creating financial statements, requires expertise in accounting and tax knowledge. It's more efficient for companies to outsource this task to a reliable tax accountant rather than hiring an employee for the job. Consequently, you'll receive financi.. 더보기 이전 1 2 3 4 5 다음
