Tax
Year-end settlement, the flat tax option, global income filing and refunds when you leave.
5 articles
Korea's 19% Flat Tax for Foreign Workers: When It Actually Saves Money
The flat tax election trades every deduction for a single rate on gross salary. Here is how to work out whether it helps you, the eligibility conditions, and how to elect it.
Filing a Global Income Tax Return in Korea: Who Has to and How
When employment income alone is not enough and you must file in May — the residency test, which income gets aggregated, deadlines and what happens if you miss them.
Income Tax Rates in Korea: Brackets, Local Tax and What You Actually Pay
How Korea's progressive income tax brackets work, why your effective rate is much lower than your bracket, the 10% local income tax, and how social insurance changes the picture.
Tax Refund in Korea: VAT Back on Shopping, and Why It Is Not the Same as an Income Tax Refund
Two completely different things get called a Korean tax refund. Here is how the VAT refund on shopping works, who qualifies, and how it differs from the income tax refund residents receive.
Year-End Tax Settlement in Korea for Foreign Employees
How Korea's year-end tax settlement works, which deductions foreign employees can claim, the flat tax alternative, and what to do if you leave the country mid-year.