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

Driving in Korea

Food Eating

General Info

General Info

Getting Around

Government Regs

Health

Housing

Immigration

Security

Shopping

Teaching in Korea

Travel in Korea

Working Conditions

IGVC- Taekwondo Online for Kids, 19 July 2021, from SeoulOnline Taekwondo class for elementary school age children
IGVC - Basic Principals of Drawing Class, 6 Aug 2021, Yongsan-gu, SeoulDo you want to learn how to draw but don’t know where to start?
Advertisement
Dwight School Seoul, English Pre-School-High School, Seoul
A Plus Apgugeong - 27 May 2020
Korea International School-KIS, PK-12 English, Pangyo, Gyeonggi-do
JZ Associate
Seoul Foreign School, K-12 English School, Seodaemun, Seoul
I want to convert
Helpul telephone numbers seoul korea
Directory
Cocoonfice, Business Center, Gangnam-gu, Seoul