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Adventurer
Joined: 28 Jan 2006
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 Posted: Thu Apr 03, 2008 7:43 am Post subject: What is the tax rate? |
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I have a feeling my employer may have overtaxed me and all...
I also never got an end of the year tax statement. I mean I need to eventually report my taxes back home. What do I exactly need?
I will make some phone calls next week? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Apr 03, 2008 7:48 am Post subject: Re: What is the tax rate? |
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| Adventurer wrote: |
I have a feeling my employer may have overtaxed me and all...
I also never got an end of the year tax statement. I mean I need to eventually report my taxes back home. What do I exactly need?
I will make some phone calls next week? |
I assume you did NOT check the national tax service website?
http://www.nts.go.kr/eng/
The tax information you seek in on the links to the help desk.
tax with-holding calculator is in the quick viewer service sub menu:
http://www.nts.go.kr/eng/help/help_52.asp?top_code=H001&sub_code=HS05&ssub_code=HSE2
You can also call them at: 02-397-1440
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Adventurer
Joined: 28 Jan 2006
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| Posted: Thu Apr 03, 2008 8:08 am Post subject: Re: What is the tax rate? |
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| ttompatz wrote: |
| Adventurer wrote: |
I have a feeling my employer may have overtaxed me and all...
I also never got an end of the year tax statement. I mean I need to eventually report my taxes back home. What do I exactly need?
I will make some phone calls next week? |
I assume you did NOT check the national tax service website?
http://www.nts.go.kr/eng/
The tax information you seek in on the links to the help desk.
tax with-holding calculator is in the quick viewer service sub menu:
http://www.nts.go.kr/eng/help/help_52.asp?top_code=H001&sub_code=HS05&ssub_code=HSE2
You can also call them at: 02-397-1440
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Ttompaz, do you think I should bother with this? I am still working for that employer. I sort of resigned myself to the idea that this is part of the culture mindset (though many do go by the books). I would make between 2.4 and 2.6 and my pension was always 88,650. If pension is 4.5% then I should have had deducted of 108,000. Isn't it kind of hairy to bring up the taxes thing. As far as the taxes, I am sure I was over taxed in the neighorhood of 10-20 bucks a month or more. That adds up to 240,000 won. What do people normally do in this situation, just live with it or call the tax office. I worked at this hagwon that closed, but the corporation is intact, and I am working for a part of that same corporation now. Is there a way to get at least that tax money sine I was overtaxed?
I checked the spread sheet, it was as I thought I was somewhat overtaxed. But how does the employer benefit from being overtaxed?
Do they just put in their pockets? I have stubs, but I don't yet have a final statement.
I will call on Monday... |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Apr 03, 2008 8:26 am Post subject: |
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You're probably getting reamed. I'd call the pension office to make sure he's even paying that. It's way too low for the salary you mentioned. I'm not sure what you pay in taxes, but he's most likely not forwarding that money to them. Your employer can, however, choose to remit your taxes every six months or something. Korea sparkling.
2.4 to 2.6 is kind of vague. If your contract is for 2.4 then I think your pension payments should be 108,900 each. If your making more due to OT, it doesn't matter (for some stupid Korea sparkling reason).
You should always get your boss to not deduct taxes for OT because he's not paying taxes anyway (or not properly). Looks like he's underpaying your pension while overtaxing you. Nice.
I'd set him straight. Can't have your cake and eat it too.
Taxes should be in the 60,000 area or less. So pension and taxes should add up to no more than 160 to 170,000/month. Do you get health? That's about the same as taxes. So totalled you should be deducted about 230 to 240,000 with all three.
But your pension is too low. He's just another fkn Korean-I-can-do-what-I-want-arsehole-fkn-deny-lie-what-are-you-doing-daring-asking-I'm-not-cheating-you-prik-and-a-half-cheater. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Thu Apr 03, 2008 8:33 am Post subject: |
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[quote="yingwenlaoshi"]You're probably getting reamed. I'd call the pension office to make sure he's even paying that. It's way too low for the salary you mentioned. I'm not sure what you pay in taxes, but he's most likely not forwarding that money to them. Your employer can, however, choose to remit your taxes every six months or something. Korea sparkling.
2.4 to 2.6 is kind of vague. If your contract is for 2.4 then I think your pension payments should be 108,900 each. If your making more due to OT, it doesn't matter (for some stupid Korea sparkling reason).
You should always get your boss to not deduct taxes for OT because he's not paying taxes anyway (or not properly). Looks like he's underpaying your pension while overtaxing you. Nice.
Can I still have recourse? The hagwon went bankrupt, but the owner owns other schools. I work for one of the other schools. My base was 2.0 million in the beginning. Later, I was making 2.15 base after my sixth month. My taxes have been constantly at 87,000 won and my national pension at 88,000. I would often make a minimum of 2.4 and up to 2.6 million. Can I at least get the taxes back from the government?
I am not trying to get into a fight with my company. If I can get my 240 bucks or whatever in terms of being overtaxed through a tax refund that would be nice. Don't I need a final tax statement from the last hagwon that I finished at the end of Jan.? I just have tax stubs. I, at least, need some kind of statement for the tax people back home. Look, I'll be happy to leave this country though I've gained a lot being here, the corruption is way too annoying... |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Apr 03, 2008 8:54 am Post subject: |
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[quote="Adventurer"]
| yingwenlaoshi wrote: |
You're probably getting reamed. I'd call the pension office to make sure he's even paying that. It's way too low for the salary you mentioned. I'm not sure what you pay in taxes, but he's most likely not forwarding that money to them. Your employer can, however, choose to remit your taxes every six months or something. Korea sparkling.
2.4 to 2.6 is kind of vague. If your contract is for 2.4 then I think your pension payments should be 108,900 each. If your making more due to OT, it doesn't matter (for some stupid Korea sparkling reason).
You should always get your boss to not deduct taxes for OT because he's not paying taxes anyway (or not properly). Looks like he's underpaying your pension while overtaxing you. Nice.
Can I still have recourse? The hagwon went bankrupt, but the owner owns other schools. I work for one of the other schools. My base was 2.0 million in the beginning. Later, I was making 2.15 base after my sixth month. My taxes have been constantly at 87,000 won and my national pension at 88,000. I would often make a minimum of 2.4 and up to 2.6 million. Can I at least get the taxes back from the government?
I am not trying to get into a fight with my company. If I can get my 240 bucks or whatever in terms of being overtaxed through a tax refund that would be nice. Don't I need a final tax statement from the last hagwon that I finished at the end of Jan.? I just have tax stubs. I, at least, need some kind of statement for the tax people back home. Look, I'll be happy to leave this country though I've gained a lot being here, the corruption is way too annoying... |
So you're still working for the same guy? If so, how long have you been working there. Has it been multiple years with raises after each year? |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Thu Apr 03, 2008 9:08 am Post subject: |
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| yingwenlaoshi wrote: |
So you're still working for the same guy? If so, how long have you been working there. Has it been multiple years with raises after each year? |
After six months of being there, my salary was bumped to 2.15 million base. I am getting paid now 2.3 million base. At the former job, I was working Saturdays and making 2.45-2.6 with the overtime. Towards the end, it was generally 2.6 all the time. I know they were not paying the right stuff. My question since I was overtaxed can I get that money back by filing some kind of paperwork. Obviously, if I got into a tiff with the company over the pension and the like which is being paid but not exactly correctly, I might have to leave, and you know Korean visa laws.
I am wondering if I can get the taxes and ensure they do right this time by pension. At least, I can do that... |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Apr 03, 2008 9:12 am Post subject: |
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| Adventurer wrote: |
| yingwenlaoshi wrote: |
So you're still working for the same guy? If so, how long have you been working there. Has it been multiple years with raises after each year? |
After six months of being there, my salary was bumped to 2.15 million base. I am getting paid now 2.3 million base. At the former job, I was working Saturdays and making 2.45-2.6 with the overtime. Towards the end, it was generally 2.6 all the time. I know they were not paying the right stuff. My question since I was overtaxed can I get that money back by filing some kind of paperwork. Obviously, if I got into a tiff with the company over the pension and the like which is being paid but not exactly correctly, I might have to leave, and you know Korean visa laws.
I am wondering if I can get the taxes and ensure they do right this time by pension. At least, I can do that... |
So you're still in your first year there? |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Thu Apr 03, 2008 9:19 am Post subject: |
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| yingwenlaoshi wrote: |
So you're still in your first year there? |
Long war story, my friend. I finished one year. It was a branch of an adult hagwon whose name I am sure you heard of. Anyway, I finished my contract in December. I was going to go for one more year with them. My ARC finished in April. We didn't really need to do the paperwork in terms of submitting until later I was told by my manager.
Maybe, that wasn't true in hindsight, I am not sure. Who knows what is what in Korea, you know?
So, anyway, the adult program went bankrupt. I went to apply for a public school. They had this feudal mentality which I didn't like at all, had my passport too long, changed the flat on me, so I refused to work for them. I asked for Suwon Immigration to just give me my ARC Card back and not finish the process since I didn't even start working for that public school, but Suwon Immigration refused. I figured, after the way the public school was being dishonest, I wanted to negotiate with my former employer me staying 10 months and getting partial severance and high tailing it back home. I am just aiming to go home.
Now about that tax thing can I get a refund? If I can get 100 or 200 bucks, that would be nice. Part of the reason I ended up in the situation I was in was because Daejeon Immigration in 2005 when I had to go to Labour and Immigration didn't speak English, and my last boss wasn't giving me a release letter, and her school was bankrupt. I haven't had to deal with so many messes in any other country before. I know a Kyopo who still is owed 1 million won from an employer in Junju.
I know my story might be somewhat atypical but not surprising. Honestly, if there was more sense to those visa laws they passed, people who spoke English at immigration things would be a lot better. Hopefully, the government will make things better, but it will be for the teachers after me. This is my final year. I am counting every day to the finish line.
Yes, Ttompaz, I felt the numbers were wrong even before I went to the site.... It's something I expect over here like yellow dust season...
It happens to Koreans, I am sure. I wasn't naive to think it wasn't happening to me. It was happening to people I know who lived here longer than me and actually had a worse situation then me at the job in terms of benefits, because I negotiated certain things. |
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yingwenlaoshi
Joined: 12 Feb 2007
Location: ... location, location!
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| Posted: Thu Apr 03, 2008 9:33 am Post subject: |
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| Adventurer wrote: |
| yingwenlaoshi wrote: |
So you're still in your first year there? |
Long war story, my friend. I finished one year. It was a branch of an adult hagwon whose name I am sure you heard of. Anyway, I finished my contract in December. I was going to go for one more year with them. My ARC finished in April. We didn't really need to do the paperwork in terms of submitting until later I was told by my manager.
Maybe, that wasn't true in hindsight, I am not sure. Who knows what is what in Korea, you know?
So, anyway, the adult program went bankrupt. I went to apply for a public school. They had this feudal mentality which I didn't like at all, had my passport too long, changed the flat on me, so I refused to work for them. I asked for Suwon Immigration to just give me my ARC Card back and not finish the process since I didn't even start working for that public school, but Suwon Immigration refused. I figured, after the way the public school was being dishonest, I wanted to negotiate with my former employer me staying 10 months and getting partial severance and high tailing it back home. I am just aiming to go home.
Now about that tax thing can I get a refund? If I can get 100 or 200 bucks, that would be nice. Part of the reason I ended up in the situation I was in was because Daejeon Immigration in 2005 when I had to go to Labour and Immigration didn't speak English, and my last boss wasn't giving me a release letter, and her school was bankrupt. I haven't had to deal with so many messes in any other country before. I know a Kyopo who still is owed 1 million won from an employer in Junju.
I know my story might be somewhat atypical but not surprising. Honestly, if there was more sense to those visa laws they passed, people who spoke English at immigration things would be a lot better. Hopefully, the government will make things better, but it will be for the teachers after me. This is my final year. I am counting every day to the finish line.
Yes, Ttompaz, I felt the numbers were wrong even before I went to the site.... It's something I expect over here like yellow dust season...
It happens to Koreans, I am sure. I wasn't naive to think it wasn't happening to me. It was happening to people I know who lived here longer than me and actually had a worse situation then me at the job in terms of benefits, because I negotiated certain things. |
Just forget about it. It's only 200 bucks. If you're still working for them, get them to reduce your taxes.
But...
If you really want, go into the tax office with your pay stubs. Could be a long process though. I doubt you're going to get anywhere dealing with your boss.
Sounds like you're working off your original 2 million contract. So pension is right. I don't know. All a little confusing. Yes, he was ripping you off with the taxes. But your salary increased. He's most likely not remitted your taxes. But like I said, could take a while.
You're still working there? I have a headache now. |
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Zaria32
Joined: 04 Dec 2007
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| Posted: Thu Apr 03, 2008 7:20 pm Post subject: |
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| Although many do not do it, hogwon owners/visa sponsors are required to file your income tax return for you. Most foreign teachers are gone by the time this is done, so the hogwon owner/visa sponsor keeps any refund...that's one way it benefits them, unless, of course, they just pocketed your taxes. Some do that, but not as many as the hogwon bashers would like you to think. |
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