Accounting 썸네일형 리스트형 Who Needs to File an Income Tax Return in May? As we approach the month of May, it is important to note that this is the season for individuals to file their personal income taxes.Under Korean tax law, any resident (regardless of nationality, meaning that even foreigners can be considered residents in Korea) who earned income during the previous year (from January 1 to December 31) is required to file an income tax return and pay any applica.. 더보기 Have You Heard of 'CbCR'? The Global Compliance Rule Every Foreign invested Company Needs to Know 1. What is CbCR?Country-by-Country Reporting (CbCR) is a global tax reporting framework established by the OECD as part of the BEPS (Base Erosion and Profit Shifting) initiative.Its primary purpose is to enhance transparency by requiring large multinational enterprises (MNEs) to disclose a comprehensive breakdown of their global operations. This includes key financial data—such as revenue, profi.. 더보기 Your 2026 February Tax schedule If your company has a liaison office in Korea, you should definitely review this. Until last year, the “Report on the Present Status of Place of Business” was only a compliance obligation with no penalties. However, starting in 2026, the law has been revised and penalty taxes now apply for non-compliance. The main purpose of this report is for the tax office to verify whether the liaison office .. 더보기 Your 2026 January Tax schedule Nobody can deny that the most important tax schedule in January is VAT filing. The VAT return includes the company's revenues and costs and is reported to the tax office. This means that the company's revenues and costs are finalized. Once reported, it is difficult to correct these figures, so VAT filing is crucial.Unlike last October's VAT filing, which only corporation file their 3Q VAT and in.. 더보기 [2026 Changes] Why Your Take-Home Pay May Decrease In 2026, several changes will affect your monthly salary in Korea.For the first time in 20 years, the national pension contribution rate will increase. Health insurance premiums will also go up.The good news is that employment insurance and industrial accident compensation insurance rates will remain unchanged.1. Increase in Health Insurance RatesIn 2025, the health insurance contribution rate w.. 더보기 December 2025 Tax schedule If you own real estate in South Korea, you may be required to pay this tax. However, not all real estate is subject to the Comprehensive Real Estate Holding Tax. As the name suggests, this tax combines the value of all the realestate in Korea you own, and if the total exceeds a certain threshold, you must pay the tax.Although the rules are quite complex, to put it simply:If you own a house in Ko.. 더보기 November 2025 Tax schedule The main tax schedule for November is Interim individual income tax payment.It’s a prepayment of income tax that an individual business owner will pay in November this year, which will be credited toward the income tax due in May next year (for 2025 income, payable in May 2026).For example, if an individual business owner named Peter pays 5,000,000 KRW as interim tax in November 2025, and his fi.. 더보기 Ocotober 2025 Tax schedule This October 2025 comes with an unprecedentedly long holiday. From the 3rd to the 12th, including weekends, there will be a total of nine consecutive days off. If you’re from a European country, you might think it’s not a big deal — but for Koreans, it certainly is.For us as tax accountants, it’s particularly significant because the long holiday makes the tax filing deadlines quite tight. We app.. 더보기 이전 1 2 다음
