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payroll tax

[Tax Updates 2024] Child care non-taxable salary limit increased! The goverment has announced a tax law revision set to be implemented from January 2024. Today, I bring good news for employees. If you have seen my previous post at Septemebr(refer to the post below), you'd be aware of the non-taxable items in an employee's salary. Typically, there are 3items that people can usually can apply for: 1)Meal allowance(200,000KRW) , 2)Subsidy for use of private vehic.. 더보기
How English teachers pay taxes in Korea? -1 In Korea which have super high educational passion (especially for English!), tons of foreign english teachers are working in Korea. They work at Public school, University or Private academy(in Korean, Hagwon). As they work and get paid in Korea, they should pay taxes in Korea. However, Compared to the number of foreign english teachers in Korea, professional tax service for the teachers isn't e.. 더보기
Tax deadline in Korea (local tax) Besides national taxes like income tax and value-added tax, you also have obligation to pay local taxes in Korea. Local taxes are managed by district office unlike national taxes which are managied by tax authority like NTS. *If you want to know national tax deadline, please click below links. Tax deadline in Korea (National tax) There are quite many kind of taxes in Korea, and every taxes have .. 더보기
Tax deadline in Korea (National tax) There are quite many kind of taxes in Korea, and every taxes have filing and payment due. you should file tax return and pay taxes by due date. if you fail to meet the deadline, there are penalty. Therefore knowing due date of each taxes are crucial.​ Today, I'm going to explain tax deadline of each tax based on each tax law's article. ​ ​ ​ 1.Withholding tax ->A withholding agent shall pay the .. 더보기