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VAT filing

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
[VAT]How to Prepare for Value Added Tax (VAT) filing 1.Why VAT filing is important?The VAT return includes company's revenue amounts and cost amounts. you can check in the below example of VAT return, revenu amounts in red and cost amounts in green.(Company's all revenue amounts are shows in the VAT return but for costs amounrs it shows only related to VAT)Therefore, filing VAT means company confirm company's revnue and cost numbers in the VAT per.. 더보기
[VAT] VAT filing period is coming! In December there are no major tax filing in this month. So you might think that tax firms are not much to do in this month, However Decemeber is really important and busy month because VAT filing is coming in next year January. So, it's important to preapre it. we can calculate the VAT payable amounts in advance so that you can prepare for the tax payment! Below is the postings I wrote about VA.. 더보기
November Tax schedule in Korea Below are main tax schedule for November in South Korea. 1.Withholding tax filing(11/10) 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 reporte.. 더보기
Octobet Tax schedule in Korea Below are main tax schedule for October in South Korea. 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.. 더보기

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