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Korea tax guide[Hometax]

Stay on Top of Your Tax Obligations: Important Deadlines to Meet in April! 1.Withholding tax filing(4/10) When you pay your employees a salary, it is your responsibility to deduct taxes from their salary before paying them. For example, if your employee has a contracted salary of 2,000,000 KRW, you must deduct 100,000 KRW for taxes, and pay your employee 1,900,000 KRW. The 100,000 KRW you deducted must be reported on a withhold tax return and paid to the tax office on .. 더보기
Simplify Your Business Expense Management: Register Your Credit Card on Hometax and Wave Goodbye to Receipts! Registering your credit card on Hometax can save you the hassle of collecting receipts. Follow the steps below to get started 1.Search ‘Hometax’ ​ 2.Click '전자(세금)계산서, 현금영수증, 신용카드 -> Click '사업용 신용카드 등록 및 조회 3.Verify your business registration number and enter your credit card and phone numbers. Then click on '등록접수하기' to complete the registration process. (*If you have only one business, the regis.. 더보기
Important Tax Deadlines You Need to Know for March 1.Corporate inocme tax filing (~3.31) If you run a company in Korea, you need to pay taxes on the money you make. You have to file a special tax form called a "corporate income tax return" and send it to the tax office. The deadline for this is three months after the end of each year, which is usually December 31st. But some companies choose a different year that ends in March, and they have to .. 더보기
How to copy digital certificate? When you login to bank homepage or government related sites (for example, Hometax), They require special system in Korea called digital certificate in Korean, '공인인증서'. You may have seen this window when you login to homepage. Digital certificate is certificate issued electronically by bank. and it’s used for banking or login to govermental site like Hometax(national tax service). When you make b.. 더보기
To register to Hometax(NTS) is first step of your business Hometax is Korea’s national tax service homepage. You can do almost everything related to tax through this homepage without going to tax office in person. To use this site, hometax, you need an ID & PW. Please follow below process. 1.Search ‘Hometax’ ​ ​ 2.Click the ‘회원가입’ in the upper part. ​ 3. Individual business : Use resident number (13digit) Corporation business : Use business registration.. 더보기
Appointment process of your tax accountant in hometax. ​ When you have found reliable qualified tax accountant for your business in Korea, the next step is appoint the tax accountant as your tax preparer in the Hometax site. ​ Through this process, your tax accountant can check and see lots of thing which needs for tax filing of about your business. so It can reduce your burden to prepare documents about your business’s sales & cost for tax filing. .. 더보기