Korean Job Discussion Forums

bbud656 · Joined: 15 Jun 2010

Is there a place where I can download a form to file in Korea?

ontheway · Posted: Sun Feb 12, 2012 9:34 am Post subject:

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

Underwaterbob · Joined: 08 Jan 2005 Location: In Cognito

I got ganked. The most I'd paid before was about 100'000원. This year it's 970'000원. I'm working on getting that down though. I'd never felt the need to submit deductions until now.

bbud656 · Joined: 15 Jun 2010

The pdf on that site says its for the 2010 tax year. I thought they added some new rules last year. They are taxing us on our housing allowance for last year right?

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

pkang0202 · Joined: 09 Mar 2007

How do you calculate how much tax refund you get?

cincynate · Joined: 07 Jul 2009 Location: Jeju-do, South Korea

I'm confused. Am I filing this year end tax settlement or is my employer? I think they with held too much from my pay for taxes, and I want it back. I am totally confused. Can someone give a step by step on what a foreigner should do? I work for a hakwon making 2.1 mil/month, and they deduct 69,300 per month for taxes + the standard amount for pension and medical. If I am owed a refund, who files the paperwork, and how do I approach my hakwon.. I'm not even sure the questions to ask.

Thanks!

thegadfly · Joined: 01 Feb 2003

http://www.nts.go.kr/eng/help/help_53.asp?top_code=H001&sub_code=HS05&ssub_code=HSE3#result

Cincy -- according to my calculations and that website, at 27.3 million a year (2.1 a month plus 2.1 severance), and paying about 70k won a month, you should be owed about 280,000 won as a refund...but that was just a quick and dirty check....

cincynate · Joined: 07 Jul 2009 Location: Jeju-do, South Korea

Yeah using the 'quick' calculator on the NTS website, I come up with about the same figure. But I am still confused about how I go about getting this. Is my boss filing the paperwork for me? I haven't heard anything about it from him... and I don't trust him at all. When I first started he was taking 6% out of my check.. and I fought him on it all the way, so now he takes out 3%, which I know is still too high, but I figure I should get it back. I'm just not sure what questions I should be asking him.. I want to be well informed when I approach him so he doesn't just give me the usual Korean b.s. answer and hope I go away.

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

phatrick · Joined: 18 Apr 2006 Location: Busan

Yeah I got hit with having to pay taxes this year. Admin lady didn't know she had to tax my housing allowance now and must have not been taking enough out. I got it down to around 300,000k after giving her info from bank/tax card/etc.

PatrickBateman · Posted: Tue Feb 14, 2012 9:36 pm Post subject:

Question...

Okay, I have been in Korea for a couple of years. Last year, I went back for two months(where I was in limbo until I came back here). Will I have to pay taxes for those two months at home in the US? My understanding was that if I was here for eleven months straight, or something, I was exempt.

Anyone have something similar happen?

bbud656 · Joined: 15 Jun 2010

Some people seem to have their taxes done for them by their schools. No one I talked to seems to know anything about doing taxes. I am not sure exactly what to do because my old public school (where I spent 8 months of the last year working) isnt on speaking terms with me and I dont really know what they took out of my paycheck for taxes. Also, Im a US citizen and that was my first year in Korea (although I never figured out how to apply for exemption, but Im hoping I can some get a refund retroactively, but not holding my breath). I did the last 4 months at a private uni, which seems to take out about 100 for taxes a month. Seems like a huge mess to untangle. No one I know seems to be taking it very seriously though. They seem content just playing the dumb foreigner card and hoping they wont have a huge bill down the road.