Automatic Tax Calculation Service
You can calculate your income taxes, in English, via the Automatic Calculation service on the National Tax Service Website. It is set for 2009 and allows you to base your calculation on the flat rate method (15%) or the 30% exemption method.
Note, when you fill in your income amount, put all the zeroes. So if you income is 30million won, type in 30000000 (once you start it will look like this 30,000,000).
You can then add in the amounts of the various deductions you are claiming.
This service is available in English for those classified as Resident Taxpayers.
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 info@korea4expats.com.
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