Site Search:
 
Speak Korean Now!
Teach English Abroad and Get Paid to see the World!
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Taxes on bonus pay while being eligible for tax treaty?

 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Job-related Discussion Forum
View previous topic :: View next topic  
Author Message
normalcyispasse



Joined: 27 Oct 2006
Location: Yeosu until the end of February WOOOOOOOO

PostPosted: Tue Feb 26, 2008 7:22 pm    Post subject: Taxes on bonus pay while being eligible for tax treaty? Reply with quote

So I work at an elementary school and I'm eligible for Article 20 of the tax code, which states that for the first two years of employment at an accredited institute (e.g. my school) I, as an American, am eligible for a tax refund.

The tax refund has gone through.

However, the school now wants to tax me (and the 2 other foreigners) 80,080krw each on a bonus of 2,200,000. They're following a standard tax sheet.

Is this legit? What have your experiences been? I called NTS and the guy there said he didn't think we had to pay taxes, but he's researching the issue and says he'll call me back. I'd just like some other input before the school screws me yet AGAIN.

Thanks!
Back to top
View user's profile Send private message Visit poster's website
normalcyispasse



Joined: 27 Oct 2006
Location: Yeosu until the end of February WOOOOOOOO

PostPosted: Wed Feb 27, 2008 12:01 am    Post subject: Reply with quote

If anyone needs this info:

Tax officer says that according to article 23, even those subject to the tax treaty DO pay Korean taxes on severance pay.
Back to top
View user's profile Send private message Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Job-related Discussion Forum All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

TEFL International Supports Dave's ESL Cafe
TEFL Courses, TESOL Course, English Teaching Jobs - TEFL International