Korean Job Discussion Forums

[Grotto]

Some time ago there was a link to the tax rate here in Korea.

Can anyone give me the link again? Thanks.

Hey Mods why dont we make this a sticky?

MOL http://english.molab.go.kr/

has been changed to

http://www.nta.go.kr/menu/users/ntseng/Tax_Guide1.htm

another important contact

http://wiki.galbijim.com/Labor_Standards_Act

or

http://www.ilo.org/dyn/natlex/docs/WEBTEXT/46401/65062/E97KOR01.htm

For information on employment permit system and employment of migrant workers, please contact Foreign Worforce policy division.
Tel : 02-2110-7080~7081
Fax : 02-502-6855
Email : [email protected]

[thaitom]

Is this the one your looking for?


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

[jajdude]

I tried to find how out (the percentage) much the boss should take from the pay. I think Grotto has stated it before. Can some please inform and if possible provide a link. Also, who can be contacted to verify this?

(I think a foreign co-worker and I may be getting ripped off.)

[Grotto]

Tax office(thanks to Peppermint)

http://www.nta.go.kr/eng/default.html

They also have an English hotline The number is 02-397-1440

for all your firsthand information.

[johndoe]

Should 3.3%

[Grotto]

There is no set rate for income tax...it all depends on what you are making...a salary of 2 mil for example is about 1.4x% or 28,950Won

If you are stupid enough to pay 3.3% and give your boss 66,000Won then you are overpaying almost 37,000Won a month X12=440,000 won an year. Money I highly doubt is making it into the pocket of the tax man!

[RickFlair]

I've been lurking on this board for a few years. I've read the FAQ and stickies until I'm blue in the face but still can't find an answer. I tried pming one of the board experts but I guess he's on vacation.

I signed up for a summer camp and received the following from the director:

"Tax law has changed; we will have to deduct 20 to 22 % (I do not know
the precise figure) of your salary as tax."

and now today:

"Bad news, tax to be deducted 27.5 %."

Your opinion? Is it legal?

Thanks for responding.

[AliNZ]

you need to ask??

[Roch]

[Grotto]

you do enter the numbers in thousands...so 2 mil is 2000....if you entered in 2,000,000 you just told the computer you earned 2 bil!

[Roch]