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New Tax System for foreigners
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rok_the-boat



Joined: 24 Jan 2004

PostPosted: Mon Dec 27, 2004 11:54 pm    Post subject: Reply with quote

Ah ha - I learned somit.

Also - not the check box on that link:

30% Deduction for foreign employee

That is what I heard from my school. Thanks for the link. I wonder if Hagwon owners will advise their teachers ofthis 30% deduction or expect to keep it for themselves ... be aware! Watch your paychecks!
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rok_the-boat



Joined: 24 Jan 2004

PostPosted: Tue Jan 04, 2005 8:56 pm    Post subject: Tax Break - in Korean Reply with quote

Found the following on the KOTESOL Website:

The new TAX info is in Korean - copy it and make sure your Hog-won boss gets it!

=====================

Korean Income Tax Information from David Kennedy, member

Did you know that the Korean Income Tax Law was
changed in January to give foreigners a tax break?

As of January 1 all foreigners must be taxed at a much
lower rate than Koreans.

So,I am sending you the new law in Korean.Perhaps you
can send it out to all our members.They should take it
to the Finance Department of their respective schools
and their deductions will be consequently reduced.Some
may even get a big refund!
____________________________________________________

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