tax firm 썸네일형 리스트형 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 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 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 [Tax Updates 2024] The special flat tax rate for foreigner applying period has been extended! In Korea, tax rates adhere to a progressive tax rate system, where the tax rate increases with higher income. As per the income tax law, tax rates range from 6% to 45%. Nevertheless, there exists a special taxation scheme for foreigners. Those who qualify for this special taxation can benefit from a 20% flat tax rate. While the 20% tax rate may seem lower compared to the normal progressive tax r.. 더보기 What do you know about yout Profit & Loss statement? (Salary Paid to fmaily) Most small and medium-sized companies often opt to outsource their bookkeeping and payroll to tax firms. This is because bookkeeping, which involves creating financial statements, requires expertise in accounting and tax knowledge. It's more efficient for companies to outsource this task to a reliable tax accountant rather than hiring an employee for the job. Consequently, you'll receive financi.. 더보기 이전 1 2 다음
