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Korean Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
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dereklee003
Joined: 03 Jan 2009
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Posted: Sat Feb 26, 2011 10:47 pm Post subject: SMOE Taxes, FBI, and renewal |
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Ok, so I came to Korea March 2009. I taught at a hagwon for 1.5 years, paying Korean taxes the whole time. Then, last August I signed a contract with SMOE, and didn't submit any tax exemption forms. But, until now they do not deduct taxes from my paychecks. If I go home in August, it will be 2.5 years in Korea. If I renew, it will be 3.5 years. So I guess my questions are these:
1. How does the 2 year tax exemption rule apply in my case? (since I paid taxes the first 1.5 years)
2. If I don't submit the residency for tax exemption form, will they try to collect those back taxes from me before I go home?
3. If I renew in August, will I need to submit an FBI check? (I've heard some people just signed a waiver and can wait until next year, 2012)
Thanks in advance! |
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dereklee003
Joined: 03 Jan 2009
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Posted: Sun Feb 27, 2011 1:52 am Post subject: |
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27 views and nobody has anything to offer?  |
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Vagabundo
Joined: 26 Aug 2010
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Posted: Sun Feb 27, 2011 2:03 am Post subject: Re: SMOE Taxes, FBI, and renewal |
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dereklee003 wrote: |
Ok, so I came to Korea March 2009. I taught at a hagwon for 1.5 years, paying Korean taxes the whole time. Then, last August I signed a contract with SMOE, and didn't submit any tax exemption forms. But, until now they do not deduct taxes from my paychecks. If I go home in August, it will be 2.5 years in Korea. If I renew, it will be 3.5 years. So I guess my questions are these:
1. How does the 2 year tax exemption rule apply in my case? (since I paid taxes the first 1.5 years)
2. If I don't submit the residency for tax exemption form, will they try to collect those back taxes from me before I go home?
3. If I renew in August, will I need to submit an FBI check? (I've heard some people just signed a waiver and can wait until next year, 2012)
Thanks in advance! |
I'll give you my best educated guesses
if you're an American you're exempt from Korean taxes for the first 2 years, but you must file an 8808 with the Korean Tax Office. I never did, and now my school says they may withhold all those taxes my first 2 years here, because theoretically I owe them unless I submitted that form and it was accepted.
I don't know how you'd go about getting your hogwan paid taxes back.
re #3, it appears you'll be able to sign a waiver promising to get one for next calendar year. |
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