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Is it true that as a foreign ESL teacher, I pay Korean income taxes on only a percentage of my earned income?

While this was true, as of  1 January 2010 that is no longer  the case. From that date, foreign nationals worker in Korea pay a flat tax rate. Until 01 January 2013, the rate was 15% (16.5% if the Resident Surtax is included). It is now 17.5% (18.5% with the 10% Resident Surtax added).

Overview of income taxes here or click on the Working&Business tab and 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

 



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