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getting a tax print out
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JacktheCat



Joined: 08 May 2004

PostPosted: Thu Nov 17, 2005 7:59 pm    Post subject: Reply with quote

Ah, here it is:

http://www.nts.go.kr/eng/

Click on this to determine your exact tax withholdings
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sheba



Joined: 16 May 2005
Location: Here there and everywhere!

PostPosted: Thu Nov 17, 2005 8:51 pm    Post subject: Reply with quote

And it says 2 mil tax is under 30,000....
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I_Am_Wrong



Joined: 14 Sep 2004
Location: whatever

PostPosted: Thu Nov 17, 2005 10:41 pm    Post subject: Reply with quote

yep, some funny accounting going on but it's really complicated because I work at a public school and the director is my "agent." I've had 6 % taxes taken off for 14 months but today my school told me that they pay the taxes for all three foreign teachers as a group and it's registered under the Elementary School's name. They apparently pay this every month before they pay the agent and he pay's my salary.

I also don't have pension but I'm going to the pension office very soon and I'm going to make my backpayments. As a canadian I'm guarunteed to get this back and I've been told that they'll go after the director for his half.
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jacl



Joined: 31 Oct 2005

PostPosted: Fri Nov 18, 2005 6:22 am    Post subject: Reply with quote

I_Am_Wrong wrote:
yep, some funny accounting going on but it's really complicated because I work at a public school and the director is my "agent." I've had 6 % taxes taken off for 14 months but today my school told me that they pay the taxes for all three foreign teachers as a group and it's registered under the Elementary School's name. They apparently pay this every month before they pay the agent and he pay's my salary.

I also don't have pension but I'm going to the pension office very soon and I'm going to make my backpayments. As a canadian I'm guarunteed to get this back and I've been told that they'll go after the director for his half.


Yeah, I've heard that one. It's BS. They aren't paying your taxes or they are paying some tax, but it's not necessarily yours. It's just enough for them not to worry about any claims that they aren't paying any taxes. Then they can say, "Oh. Sorry." to the tax department. Your taxes are yours and it's an individual thing. Employers can set the tax for you. Be it more or less (why would they go less? Rolling Eyes ) than what they actually are. The problem isn't how much much they tax you, but whether you can get a tax return. That's where proof comes into the equation. You have to have proof of what income/residence tax is beingdeducted from you pay. Proof can come from the actual contract itself where it states your salary. This should override anything else. Usually your contract will state your tax percentage deduction. I don't really think that the employee has to go out and prove whether or not the employer deducted taxes or not. If you're getting direct deposits in the bank then you have sufficent proof. The problem arises when you work OT that's not taxed or when you get cold hard cash and, with either of these situations, you get no pay statements. That's why it's important to get pay statements so you have peace of mind. Pay statements also help you live your life more at ease when thinking about your severence pay and the such so you don't have to worry about dickhead claiming that he paid you when he didn't. It should be common courtesy for them to do this, but from what I hear, they aren't required to give anyone pay statements. That's why you should just make your own and get a signature and a school stamp. Cover your ass.
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jacl



Joined: 31 Oct 2005

PostPosted: Fri Nov 18, 2005 6:24 am    Post subject: Reply with quote

I_Am_Wrong wrote:
yep, some funny accounting going on but it's really complicated because I work at a public school and the director is my "agent." I've had 6 % taxes taken off for 14 months but today my school told me that they pay the taxes for all three foreign teachers as a group and it's registered under the Elementary School's name. They apparently pay this every month before they pay the agent and he pay's my salary.

I also don't have pension but I'm going to the pension office very soon and I'm going to make my backpayments. As a canadian I'm guarunteed to get this back and I've been told that they'll go after the director for his half.


6% is ridiculous. Just goes to show that public school's screw around just as much as hagwons do.
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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Fri Nov 18, 2005 7:24 pm    Post subject: Reply with quote

I_Am_Wrong wrote:
yep, some funny accounting going on but it's really complicated because I work at a public school and the director is my "agent." I've had 6 % taxes taken off for 14 months but today my school told me that they pay the taxes for all three foreign teachers as a group and it's registered under the Elementary School's name. They apparently pay this every month before they pay the agent and he pay's my salary.

I also don't have pension but I'm going to the pension office very soon and I'm going to make my backpayments. As a canadian I'm guarunteed to get this back and I've been told that they'll go after the director for his half.


Are you positive that 6% is ALL taxes? Income tax,municipal tax and health insurance deductions taken together all amount to around 6% or so. Also you mentioned the "director" is your agent. Is this "director" your principal of the public school?
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