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Corporate income tax filing

[Corporation set up] What are the differences between corporate and individual businesses in Korea? - 3 (Representative's salary) If you're considering launching a business in Korea, the initial step you'll want to take is obtaining a business license in Korea. We can categorize business licenses into two types: individual business licenses and corporate business licenses. There are significant differences to consider, particularly in the representative'ss salary. Today, I'll provide an explanation of these aspects. 1)As a.. 더보기
[Corporation set up] What are the differences between corporate and individual businesses in Korea? - 2(preparation for setup) If you're considering launching a business in Korea, the initial step you'll want to take is obtaining a business license in Korea. We can categorize business licenses into two types: individual business licenses and corporate business licenses. There are significant differences to consider, particularly when setting up for the first time. Today, I'll provide an explanation of these aspects. Pro.. 더보기
[Corporation set up] What are the differences between corporate and individual businesses in Korea? - 1 (Tax schedule and tax rate) If you're considering launching a business in Korea, the initial step you'll want to take is obtaining a business license in Korea. We can categorize business licenses into two types: individual business licenses and corporate business licenses. There are significant differences to consider, particularly in the tax schedule and tax rates. Today, I'll provide an explanation of these aspects. Indi.. 더보기
[VAT] Are you familiar with the concept of a 'Corrected Tax Invoice'? Have you come across the concept of a 'Corrected Tax Invoice'? A Corrected Tax Invoice is a type of invoice used to rectify errors or amend details on a previously issued tax invoice, primarily due to inaccuracies in the initial tax invoice or changes in the terms of a transaction with your clients. For instance, if you have issued a tax invoice to a client for a sale, but circumstances arise th.. 더보기
[VAT] Penalty you should pay when you fail to issue Tax invoice In Korea By now, you may already be familiar with the concept of a tax invoice in Korea. This unique system is overseen by the Korea Tax Office. However, if you are not acquainted with this topic, I encourage you to refer to the post below for more information Have you heard of Tax invoice? I assure You would know ‘invoice’ but have you heard of Tax invoice? 1.Almost every transaction require Tax invoice.. 더보기
Essential steps to follow when you change your office address in Korea As a business owner, there may come a time when you need to change your office location. Perhaps your business has outgrown your current space and you need a larger one, or maybe your landlord is increasing the rent. Regardless of the reason, once you find a new office space and sign a lease, it's important to update your business registration as well. This is because the address on file with th.. 더보기
[VAT]Have you heard of Tax invoice? I assure You would know ‘invoice’ but have you heard of Tax invoice? 1.Almost every transaction require Tax invoice In Korea In Korea there is a unique system called the tax invoice. and it is required for every transaction that occurs between business owners. This means that both the seller and the buyer should issue and receive a tax invoice for every transaction. The value-added tax (VAT) in .. 더보기
Don't miss out : Crucial things many business owners overlook in their Corporate Income Tax filing March has been quite the hectic season for us corporate and tax accountants. Amidst the busy days, I've noticed that many companies are missing out on some fantastic benefits or risking hefty penalties. So, I wanted to share this post with you all and urge you to take a look at your CIT return if you're a business owner. 1.Hiring Employees? Get Tax Credits! Did you hire more employees this year .. 더보기