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missionshk
Joined: 09 May 2007
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 Posted: Fri May 11, 2007 12:27 pm Post subject: Can anyone tell me what the tax is in Korea? |
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I keep hearing different amounts for that.
Also what is the standard fees that would be taken from your salary. I heard 4.5% goes to pension. Anything else? |
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ChuckECheese
Joined: 20 Jul 2006
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| Posted: Fri May 11, 2007 2:08 pm Post subject: |
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| Taxes and deductions depend on your gross pay. Check out the FAQs. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri May 11, 2007 4:43 pm Post subject: Re: Can anyone tell me what the tax is in Korea? |
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| missionshk wrote: |
I keep hearing different amounts for that.
Also what is the standard fees that would be taken from your salary. I heard 4.5% goes to pension. Anything else? |
Taxes vary depending on your salary and deductions. For a salary of around 2 million it should be in the range of 1.6%.
Check the specific deduction anount on the tax office website.
http://www.nts.go.kr/eng/default.html
You should also pay into pension (~4.5% of your salary) and
medical insurance (2.77% of your salary).
These 3 are the only manditory, LEGAL deductions. |
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The Soju Hoju
Joined: 29 Nov 2006
Location: Bus 26, 200 yards past Lotteria on the left
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| Posted: Mon May 14, 2007 3:48 am Post subject: |
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| Mmmmmmmmmmmm.........quite low in comparison to the UK. |
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