TAX REFUND 썸네일형 리스트형 [Personal income tax] Understanding Incone Tax in Korea for Foreign national[Tax Firm Specializing in Foreign Companies] If you got a message or letter from NTS like below, you should difinitely check this post! 1.What is comprehensive (personal) income tax in Korea ?Personal income tax, known as 종합소득세 in Korean, is a tax that individuals must file and pay every May for the income they earned the previous year, from January 1st to December 31st. (In May 2024, incomes from January 1st, 2023 to December 31st, 2023 .. 더보기 [Tax benefit]Tax Benefits Available to SMEs (Small and Medium Enterprises) - Part 4 (Tax Benefit for Corporations Relocating Their Head offices Outside the Seoul Metropolitan Area ) SMEs in Korea may be eligible for special tax credits and tax reductions under the 'Act on Restriction on Special Cases Concerning Taxation.' Today's post is about tax redemption clauses, which can cut your company's tax by 100% for 6 years.(50% for additional 3years) 1.Corporations wishing to obtain the tax redemption must meet the following conditions The corporation must have been operating a.. 더보기 Year-end taxsettelemt Guide for Foreign employees in Korea -3 What should be checked after year-end tax settlement? 1.Check the amounts of '차감징수세액(numbers 77) After the year-end tax settlement, you will receive a document called the Salary & Wage Income Withholding Receipt (연말정산 근로소득원천징수영수증). In this document, if you see the red box, (73) 결정세액 represents the finalized tax amount. Additionally, (75) 기납부세액 주(현) 근무지 indicates the taxes deducted from your monthly salary each month. (77) 차감징수세액 represents the taxe.. 더보기 Year-end taxsettelemt Guide for Foreign employees in Korea -2 Way to download hometax PDF file If you are a foreigner working for a Korean company, it's likely the season for 'Year-end tax settlement.' During this time, the company may require you to obtain a 'PDF' file from Hometax. 1)What's the PDF file for? The PDF (간소화자료) file contains almost everything you need to optimize your tax deductions or increase your tax refund amounts. By reviewing it, you can find details on various deduct.. 더보기 [VAT] Tax Rate for services acquiring foreign currencies -4(Countries grants the identical tax exemption to resident in the Korea) VAT] Tax Rate for services acquiring foreign currencies (How to Qualify for the 0% VAT Tax Rate -3) The standard VAT (Value Added Tax) rate in Korea is 10%, and it applies to almost all goods and services provided by your company to clients, except for certain non-VAT items. Consequently, when sending invoices to clients, your company adds a 10% VAT to t www.g-tax.kr In our last post, I explaine.. 더보기 [VAT] Tax Rate for services acquiring foreign currencies (How to Qualify for the 0% VAT Tax Rate -3) The standard VAT (Value Added Tax) rate in Korea is 10%, and it applies to almost all goods and services provided by your company to clients, except for certain non-VAT items. Consequently, when sending invoices to clients, your company adds a 10% VAT to the price of its goods and services. However, There are way to get 0% VAT tax rate for service under sepcifinc conditions. Here's what I'm goin.. 더보기 [VAT] Tax Rate for services supplied overseas (How to Qualify for the 0% VAT Tax Rate -2 ) The standard VAT (Value Added Tax) rate in Korea is 10%, and it applies to almost all goods and services provided by your company to clients within the country, except for certain non-VAT items. Consequently, when sending invoices to clients, your company adds a 10% VAT to the price of its goods and services. However, what about providing service outside of Korea? Here's what I'm going to tell y.. 더보기 [Tax benefit]Tax Benefits Available to SMEs (Small and Medium Enterprises) - Part 3 (Tax Credits for Investments) SME in Korea, may be eligible for special tax credits and tax reductions under the 'Act on Restriction on Special Cases Concerning Taxation.' Today's post continues our discussion of tax benefits, building on our previous posts on this topic. [Tax benefit]Tax Benefits Available to SMEs (Small and Medium Enterprises) - Part 1 (Tax Credits for Enterprise Job Growth) Did you know that there are tax.. 더보기 이전 1 2 3 다음
