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 

Should severance be taxed?

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



Joined: 21 Sep 2009

PostPosted: Mon Aug 23, 2010 3:59 pm    Post subject: Should severance be taxed? Reply with quote

Hi, I'm on my way out and have a quick question. I'm from the US, and therefore have been exempt from Korean taxes this year. None of my paychecks have had income tax deducted. However, when I received the pay receipt from my severance, there was a deduction for income tax. Does the severance pay somehow not fall under the tax treaty in the same way that the rest of my salary does?

thanks
Back to top
View user's profile Send private message
NYC_Gal



Joined: 08 Dec 2009

PostPosted: Mon Aug 23, 2010 4:40 pm    Post subject: Reply with quote

It's between 50 and 70 thousand won. It isn't exempt, but it's negligible.
Back to top
View user's profile Send private message
Ltisme



Joined: 21 Sep 2009

PostPosted: Mon Aug 23, 2010 5:02 pm    Post subject: Reply with quote

Okay. Thanks for clearing that up.
Back to top
View user's profile Send private message
NYC_Gal



Joined: 08 Dec 2009

PostPosted: Mon Aug 23, 2010 5:09 pm    Post subject: Reply with quote

Glad I could be of service.
Back to top
View user's profile Send private message
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