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leftx47
Joined: 12 Aug 2011
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 Posted: Tue Sep 04, 2012 4:17 pm Post subject: Korean Info on 2-year Tax Exemption |
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Does anyone have any idea where I can get information in Korean on the 2-year public school income tax exemption? I have my tax residency form, but my school has no idea what to do with it or even what I'm talking about.
I work at a rural school and was hired directly by the city, not on GEPIK/EPIK/SMOE, and I guess previous teachers have never tried to get the tax exemption.
I've been to the Korean Tax Office website, but I don't know Korean well enough to navigate it, and my school admins don't care enough to bother.  |
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andrewchon
Joined: 16 Nov 2008
Location: Back in Oz. Living in ISIS Aust.
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| Posted: Tue Sep 04, 2012 4:26 pm Post subject: |
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| What country are you from? |
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leftx47
Joined: 12 Aug 2011
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| Posted: Wed Sep 05, 2012 12:56 am Post subject: |
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| andrewchon wrote: |
| What country are you from? |
I'm from the US. I don't know if that makes a difference, but my question concerns what happens on the Korea side of things. I've got my certificate from the IRS. Now what?  |
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Skippy
Joined: 18 Jan 2003
Location: Daejeon
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leftx47
Joined: 12 Aug 2011
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| Posted: Wed Sep 05, 2012 1:25 am Post subject: |
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Yes I read that thread. If you had read my post, you would have noticed it is not concerning how to obtain the tax residency certificate from the IRS. I already have that. What I'm asking for is who I give it to in Korea.
In the sticky post, people work for GEPIK/EPIK/SMOE and just give it to them. I don't work through any of those programs, so I need a different answer.
I didn't post on the sticky thread, because I assumed my question would be misinterpreted as asking about the IRS side. It looks like I've been misinterpreted regardless.
So to repeat. I'm looking for information in Korean about the exemption. Or English information on what to do with the form in Korea, other than give it to GEPIK/EPIK/SMOE. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Sep 05, 2012 2:16 am Post subject: |
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IF you are NOT Canadian and it is your first 2 years in Korea AND you work at a public school or public university then you qualify for the tax holiday.
Contact the foreign tax advocate at the NTS or the provincial liaison for foreign teachers in your province for the how-to. (yes, even if you were a private hire, if you work at a public school you are under the jurisdiction of the provincial education office).
IF you have worked in Korea before this or if you work at a hagwon then you do NOT qualify for the tax exemption. On your average EFL salary you should be paying about 1.7% of your gross income in taxes (not a great amount either way).
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leftx47
Joined: 12 Aug 2011
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| Posted: Wed Sep 05, 2012 2:21 am Post subject: |
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| ttompatz wrote: |
| Contact the foreign tax advocate at the NTS or the provincial liaison for foreign teachers in your province for the how-to. (yes, even if you were a private hire, if you work at a public school you are under the jurisdiction of the provincial education office). |
Thanks for the info. I'll speak with them. |
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