Korean Job Discussion Forums

[lief]

I can't find another post on this. When I type in "Taxes" and do a search I come up with "The Republicans are morally and intellectually bankrupt." and "Virgins." @_@
Where in Seoul can you go to get your tax deductions back? My employer says it could take up to a year so I'd love to hear what anyone else has to say. Thanks.

[dzeisons]

when i worked at a hagwon my employer automatically refunded all the taxes i had paid, along with bonus and normal month's wage at the end of my last month there.

[redd]

wow! where was that? I want to work there. Should I be worried that my pay stubs are handwritten on post-it notes? At home that would be pretty sketchy, but I've given up guessing how things go here. My boss probably figures that I don't know when tax time is ('bout now isn't it?).

If we submit our taxes are we likely to get money back? I'd be willing to try if I figured it was worth it.

[lief]

"For our Canadian friends in Korea. If any of them are still considered residents in Canada (because they are away temporarily or have stronger ties to Canada than Korea such and a permanent home, drivers licenses, memberships, family etc.) they will owe Canadian Taxes on all their worldwide income- Even if they have already paid Korean taxes on it.- The good news is that they will get a credit for the amount of taxes paid to Korea and if Korean tax rates are higher may not owe any more but, if they are still considered resident of Canada and haven't paid their taxes, when they return to Canada the CRA will make sure they do plus interest and penalties. If their situation is that they plan to be in Korea permanently and/or have severed all ties with Canada- (which from what I understand, they are not allowed to do and most have to physically leave Korea every few months which would make them temporary )- they would only owe Korean taxes and I couldn't tell you how that system works at all. Hope this helps."

[schwa]

Little-known fact: foreign english teachers can apply for full refund of all pay deductions.
Check here for details: www.no-tax.gov.kr

Maybe this should be a sticky.

[the eye]

[schwa]

Sorry guys, it was a spoof -- I thought that would be self-evident. I took the OP to be frivolous & responded in kind.

I have never heard of any mechanism for receiving taxes back, unless you happen to have a heap of deductibles (major medical receipts etc) in which case you might get a small return.

I notice no one else rushed in to provide information. Claiming all your taxes back, it seems to me, would be well-known & much discussed here if it were possible.

If I'm wrong, I'm having humble pie for dinner. If I'm right, well, no harm done other than teasing along false hopes.

But best of luck! I bow out now & hand the thread back to the experts.

[desultude]

My university docked me for taxes during my first year. It turned out that, as an American, I am exempt from Korean income taxes for the first two years. I got a full rebate for all that I had paid.

[the eye]

i got a rebate after my first year as a result of being over-taxed.
still, i'm embarrased to have fallen for this tax free thing.

[NearlyKorean]

The only thing I ever heard about getting back was the national pension. However, you had to be out of the country and have it transfered to an account in your home country.

[Smee]

Big bump.



Anyway, I have a Canadian guy asking me about getting his Korean tax refunded to him. Last year I had some of my tax refunded to me in February automatically (but only for half the year). I searched around here and found nothing. Worse comes to worse I'll tell him to look at http://www.nts.go.kr/eng/ and send them an email. But does any one know for sure what he should do? Thanks.

[Smee]

bump one more time again

[khyber]

[skdragon]

Last place I worked at had a list of documents we could give the secretary. THis included items related to health insurance (medical costs), cars (insureance/ road tax), credit card receipts, and so on. I got a lot back after submitting these documents. If you don't submit the documents or are nto told that you can then noone will be caliming the tax back for you. My employer has always done this on my behalf.

[b_canadian_eh]