Easy Guide for Foreigners' Year-end Tax Settlement
The National Tax Service publishes the Easy Guide for Foreigners' Year-end Tax Settlement each year. You can find them in the tax offices, at expat information centers, in some banks, and on-line.
The document provides information, in English, on tax rules, examples of tax calculations and forms, answers to a range of frequently asked questions, information on tax exempted foreign employees, and lots more. There are also screen images showing the Korean and the English versions of the Simplified Year-end Tax Settlement website. The Guide also lists changes in the tax law for that tax year.
The Easy Guide for Foreigners' Year-end Tax Settlement is published in December of the tax year. For an online copy of the guide go to the National Tax Service website, look to the left to current Year-end Tax Settlement and click on Easy Guide.
A number of tax forms are also available on the National Tax Service website, including:
Individual Income Tax Returns
Certificate of Income - for taxpayers filing global income tax returns
For more information, you can contact the NTS via:
- International Tax Resource Management Office of the NTS at (82-2-397-1444).
- Foreign taxpayer advocate service - questions asked online (Many government sites still best accessed via Internet Explorer and that you may be required to download ActiveX).
- English 'helpline' - 1588-0560 (82-2-1588-0560)
K4E Note: The above is based on information on the National Tax Service website. It is intended as general information only. For more details, readers should visit the NTS website.
Amendments to the tax laws/rules are often adopted in January of the year in which they will take effect. We do our best at K4E to ensure that the information we provide is accurate and up-to-date. Should you note any errors or ommissions, please let us know at firstname.lastname@example.org.
Last Updated on 2015-01-27
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