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Korean Job Discussion Forums
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jacl
Joined: 31 Oct 2005
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 Posted: Wed Jan 25, 2006 6:39 am Post subject: |
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| bulgogiboy wrote: |
Now I'm paying 3.3% in Gwangju, in Pohang it was 5% and in Gyeongju it was 2%. It varies from city to city.
But 29,000app for 2mil seems a little low. 100,000 is definitely a rip-off. |
It doesn't vary from city to city. It varies from job to job because either don't know what the proper tax is, they're pocketing it, or they just charge a certain amount to cover it. Has nothing to do with the city. |
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Grotto
Joined: 21 Mar 2004
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| Posted: Wed Jan 25, 2006 8:43 am Post subject: |
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It doesnt vary city to city 
Income tax is income tax .....its a federal thing. |
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hari seldon
Joined: 05 Dec 2004
Location: Incheon
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| Posted: Wed Jan 25, 2006 1:43 pm Post subject: |
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| denverdeath wrote: |
| ...Is your boss...not...registering [you] for the national pension program? Is he required by law to cover you under the plan? ...If you're Cdn or American and your workplace has more than five full-time employees and your boss didn't get you registered under the plan, you're essentially kissing a little over a million(you and your boss contribute 4.5% each month - the million that you're kissing good-bye is your boss' contributions...that you are legally entitled to... |
I agree that it's crazy for Canadiens and Americans to pass up the opportunity to pocket another million won plus a year by participating in the pension plan; however, it doesn't matter how many full-time employees your hagwon has. The 5 employee minimum no longer applies:
http://www.nps4u.or.kr/eng/enpsk.html?code=./enpsk/a06.html |
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bulgogiboy
Joined: 12 Nov 2003
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| Posted: Wed Jan 25, 2006 4:03 pm Post subject: |
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It doesn't vary from city to city? I bet they didn't even pay the tax for me. I'd like to get in touch with the tax office and see if that's the case. I wonder if they'd help me?
When I was in Thailand I was working illegally, as were all the teachers in my school, and they still charged us tax. Strange. |
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denverdeath
Joined: 21 May 2005
Location: Boo-sahn
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| Posted: Wed Jan 25, 2006 5:57 pm Post subject: |
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| hari seldon wrote: |
| denverdeath wrote: |
| ...Is your boss...not...registering [you] for the national pension program? Is he required by law to cover you under the plan? ...If you're Cdn or American and your workplace has more than five full-time employees and your boss didn't get you registered under the plan, you're essentially kissing a little over a million(you and your boss contribute 4.5% each month - the million that you're kissing good-bye is your boss' contributions...that you are legally entitled to... |
I agree that it's crazy for Canadiens and Americans to pass up the opportunity to pocket another million won plus a year by participating in the pension plan; however, it doesn't matter how many full-time employees your hagwon has. The 5 employee minimum no longer applies:
http://www.nps4u.or.kr/eng/enpsk.html?code=./enpsk/a06.html |
Thanks for clearing that up...I was only looking at the regular program, not the link for foreigners. |
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jacl
Joined: 31 Oct 2005
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| Posted: Thu Jan 26, 2006 6:42 am Post subject: |
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I checke out EFL Law and they're still claiming that the 5-employee thing is still in effect. It's not. The pension office sends notices to hagwon owners that have Canadians and Americans. They have all the info on the teachers. Funny thing is that the tax office doesn't bother with this. I think that the pension office sends these, but doesn't really follow up on it. They just let the hagwon owner know and leave it at that.
My boss kind of makes me laugh. I talked to him about the mandatory medical coverage under NHIC. He had mentioned it to me and was probably looking to get me to pay back payments and pocket it. Maybe I'm paranoid, but I always think that they try. Anyway, after finding out the true deal that you only have to pay from January 1, 2006 I brought it up again. So, he says, "Yes, we have to pay into it because it's the law." I thought "Well, why are you not forwarding my taxes?" I don't have proof yet that he isn't paying the tax office, but I have a pretty good idea. He could forgo the whole thing, I'm sure. Just trying though. Nice try, buddy. He just offered me a 100,000 Won raise to stay on in March for another year. Maybe I'll do it, but I sure would like my overpayment in taxes back. I told him that I want to pay the correct tax. I might forget about this past year in taxes. For now. |
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