Questions & Answers

Money Matters

If I pay for purchases with a Korean credit card, does this add to my income tax deductions?

That is true, in a way. Of the payments made with  a Korean credit card, some of what you paid will be returned to you. You must be paying income taxes in Korea to receive this rebate, however. If you don't have a credit card, you may be able to claim the same from certain cash receipts.

You could receive 20% of relevant amounts in excess of 20% of annual taxable employement income up to 20% of annual taxable employement income or W5.0 million, whichever is less.

More information on taxes and rebates or click on Working& Business, then go to the Income Taxes column. 

K4E Editor: Korea4Expats.com tries to ensure that the information we provide is accurate and complete, so should you notice any errors or omissions in the content above please contact us at info@korea4expats.com

 



Banking

Children/Families

Communication Services

Culture

Driving in Korea

Food Eating

General Info

Getting Around

Government Regs

Health

Housing

Immigration

Security

Shopping

Teaching in Korea

Travel in Korea

Working Conditions

At the Movies This Week - SeoulEnglish language/subtitled movies and venues in Seoul, Daejeon, Daegu, Busan
IGVC - Cake Decorating Class, 14 Feb 2020, Yongsan-gu, SeoulA cake decorating class for a parent-child/children team where the child does the decorating.
Advertisement
Seoul Foreign School, K-12 English School, Seodaemun, Seoul
Korea International School-KIS, PK-12 English, Pangyo, Gyeonggi-do
Dwight School Seoul, English Pre-School-High School, Seoul
TCIS Taejon Christian International School,1 Nov 2017
JZ Associate
A Plus Dental
I want to convert
Directory
Cocoonfice, Business Center, Gangnam-gu, Seoul
Helpul telephone numbers seoul korea