Easy Guide for Foreigners' Year-end Tax Settlement

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Easy Guide for Foreigners' Year-end Tax Settlement


DEC.17,2004


¡á NTS (Commissioner Yong-Sup Lee) published ¡¸Easy Guide for Foreigners' Year-end Tax Settlement¡¹to help foreigners' year-end tax settlement.

¡Û This book has the way and examples of year-end tax settlement, sample questions & answers using ¡¸help-line for foreign taxpayers¡¹, and the tax-assistance and special taxation treatment for foreign employees.

¡Û The guidebook will be distributed to foreign embassies, foreign chambers of commerce in Korea, Class B taxpayers associations, tax agents and taxpayer service divisions of tax office. You may also download the contents of the book at our web-site.

¡á NTS also provides ¡¸Help-line for foreign taxpayers¡¹ to answer questions from foreigners and ¡¸Automatic Calculation Service for Year-end Tax Settlement¡¹which shows payable/refundable tax when you input your employment income and related information on deductions into the program.

¡á By the revision of law, the range of deductions has been increased and the special taxation treatment for foreign employees has been simplified.

¡Û Foreign employee may choose
(1) non-taxation of 30% of total wage & salary income or
(2) separation taxation of wage & salary income with 17% flat rate when you file a year-end tax settlement.

¡á Related informations for foreigners' year-end tax settlement

¡Û Help-line for foreign taxpayers: 02-397-1440 (NTS), 02-2076-5711 (Seoul Regional Tax Office)

¡Û NTS English Web-site : www.nts.go.kr/eng
- Download ¡¸Easy Guide for Foreigners' Year-end Tax Settlement¡¹
- Go to ¡¸Automatic Calculation Service for Year-end Tax Settlement¡¹
- Download Tax Forms
- Go to ¡¸Q&A by Email¡¹, ¡¸Foreign Taxpayer Advocate¡¹

 


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