Korean Job Discussion Forums

[bassexpander]

http://briandeutsch.blogspot.com/2008/10/foreigners-eligible-for-tax-break.html

I'm wondering if I can apply at school tomorrow. Smee posted this elsewhere, and I thought it was worthy of a thread.

[sojourner1]

Thanks for providing the article that states the name of it in Korean. I'll have to wait until Monday to show it to my school as I won't be at my main school tomorrow.

Monday sure is a strict deadline on it as it was just announced. I take it most schools don't know about it.

[bassexpander]

Yes, there is a link to a search on it in that article.

[Smee]

Yeah, if you plug the name of the form into Naver you'll find links to lots of blogs that have the form for you to download (.hwp file). I didn't link directly because Korean blog links change all the time, and sometimes switch to password protected.

I took the form to my school, but they said they already filed the form for me and for the other employees who earn under 36,000,000 per year.

I also don't think it was just announced, it's just that news came out about it in English a couple of days ago. Anyway, try and get it in to your school ASAP.

[polonius]

[Smee]

According to the instructions on the form no, if you're over 36 million you won't get it. If you're under 24,000,000 you'll get 180,000, if memory serves.

Should be available to any taxpayer. If you've been in Korea under 2 years you shouldn't be paying taxes, and thus aren't eligible. There has been some dispute about when the tax year starts, though.

[Yesterday]

The 유가환급금 신청 의뢰서 form.

Foreigners (living and working in Korea) are eligible for a tax refund authorized by President Lee Myung-bak. It is to offset the rising costs associated with the price of oil, and the 240,000 won refund is available for taxpayers who earn between 24 and 36 million won per year.

The form is available in Korean, and has most likely be distributed at your school. Its has to be lodged by October 20th

However -

As for the refund, the person who is eligible for the refund must have paid insurance every month of their employment in Korea (including unemployment insurance, health insurance, industrial insurance and pension).

So if you haven't been paying all of that - you are not eligible for the refund.

[bassexpander]

That doesn't make sense. How many people pay "industrial insurance"? I bet those are all rolled-up in our regular taxes paid to the uni.

I am still going to give it a try.

[Bibbitybop]

It's best to check with your school and/or apply.

Some SMOE foreign teachers were told by their school that they will get the refund.

[Ilsanman]

So Korea offers us a refund, but the forms are in Korean only, using such high-level official language that most Korean people can't even understand it, anbd don't give us much of any help.

Sparkling!!

[Adventurer]

[ajgeddes]

We got the notice at our school and have until the 24th to get everything in.

[Tommy]

Yep, I got it. Last week, the school's head administration guy came around with this form for some of us to sign (those of us who've been working there more than X amount of time I guess). He explained it as an 'employment tax refund'. It had an amount of 240,000 Won. I asked if that's what I'd be getting and he said, "Yep"

[Binch Lover]

[wanamin]

[quote="Binch Lover"]