Korean Job Discussion Forums

[rowdie3]

Hello again,
I am going to be leaving Korea in two months, and I'm started to get things organized. I was wondering, does anyone know if there is an income tax refund available for us E2 Visa workers? When I worked in England, I got all of my taxes back at the end, and was wondering if it was the same here. Any information would be helpful!
Happy Chusok,
J

[darkpoet]

Hmm surprised noone answered your question... As far as I know, it's impossible to get your taxes back... and if it were possible, imagine cheating death! (or at least how much taxes you would owe back home)

I do know that Canadians can get their K-pension money back although Assies, Kiwis, and Americans can't. What's the procedure to do that? I dunno, consult someone who does (like the embassy).

[Son Deureo!]

[prairieboy]

You can go to your local tax office and make sure your taxes were properly filed for the 2003 tax year and tell them that you are leaving soon and would like to get your 2004 taxes done early if possible.

This way you may get a refund if you've overpaid, but you won't get them entirely refunded to you.

Of course this is assuming that your employer has been paying taxes properly and may require your employer paying your witholding tax to the tax office earlier than anticipated.

Cheers

[coolsage]

In a word, no. Kiss off the 4% deduction. The good news is that you won't be liable for income tax in your home country (at probably a much higher rate). Make certain that you get your full severance, and pension, if eligible.