Korean Job Discussion Forums

bnrockin · Joined: 27 Feb 2006

can someone tell me what the current tax rate is in Korea right now?

Norith · Joined: 02 Nov 2007

http://www.nta.go.kr/eng/default.html

Near the bottom of the page, click on 'Check your Monthly Withholding Tax'

Type in your salary in thousands (2100 for 2.1M for example).

That is what should be deducted from your salary for tax. From what I hear, it might be a good idea to call the tax agency and confirm that the amount deducted is the amount being paid.

aloysha · Joined: 18 Sep 2005

Are you being given the ubiquitous 3.3 % rate . I called my tax office and they said that they can only confirm that taxes are being paid, but would not tell me how much. Said inquiry must be made in person. Give it a shot and call though.

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

yingwenlaoshi · Joined: 12 Feb 2007 Location: ... location, location!

georgewallas · Joined: 26 Nov 2007

File a complaint with the tax office

Guess where I am tommorow?

You can call the NTS help line. They'll tell you what to do.

tob55 · Joined: 29 Apr 2007

According to the 2007 Tax booklet published by the Tax Office, the average resident tax in Korea is between the minimum 3.3-3.5% up to 25 - 30% depending on your particular situation. Most people who are required to pay will come in some where around 5 - 15% after all of the standard calculations have been made. I know this to be true, because my wife is Korean, and we have been filing together for the past 3 years of our marriage. BTW, if you are on a full year contract with an employer and have moved beyond the tax break for residents of certain countries, you are considered a legal resident. This is why I mentioned the average resident tax. Hope this helps clear the muddy water a little.