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CPA

March Tax schedule in Korea 1.Corporate inocme tax filing (31st Mar)If you run a corporate business in Korea, corporate income tax filing is one of the most important tax filings of the year. You need to pay taxes on your company’s profits by submitting a corporate income tax return to the tax office and making the payment by the end of March.The deadline for filing is three months after the end of the fiscal year, which i.. 더보기
February Tax schedule in Korea 1.Preparation for Year-end tax settlement Nevertheless, the legal due date for the year-end tax settlement for employees is March 10th, but every company should complete the process in February (and many companies do it in January as well).Year-end tax settlement applies only to individuals working as employees of a company.If you are an individual business owner, you do not need to do a year-en.. 더보기
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
November Tax schedule in Korea 1.Withholding tax filing(11/11)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 2,500,000 KRW, you must deduct 35,600 KRW for taxes, and pay your employee 2,464,400 KRW. The 35,600 KRW you deducted must be reported on a withhold tax return and paid to the tax office on be.. 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
October Tax schedule in Korea 2024 1.Withholding tax filing(~10/10)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 2,500,000 KRW, you must deduct 35,600 KRW for taxes, and pay your employee 2,464,400 KRW. The 35,600 KRW you deducted must be reported on a withhold tax return and paid to the tax office on b.. 더보기

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