| View previous topic :: View next topic |
| Author |
Message |
jamesandjessica
Joined: 17 Apr 2006
Location: Vermont, US
|
 Posted: Thu Apr 27, 2006 8:57 pm Post subject: Income Tax... Who takes it? Korean Govt. or American? |
 |
|
Which country takes income tax out of the pay for ESL teachers? We are from the U.S., but plan to teach in Korea, if this makes a difference. Also, what is the tax rate?
Thanks,
James and Jessica |
|
| Back to top |
|
 |
denverdeath
Joined: 21 May 2005
Location: Boo-sahn
|
| Posted: Thu Apr 27, 2006 9:18 pm Post subject: |
|
|
Korea takes the tax. A lot of contracts state a withholding tax of 3-3.3%. It actually depends on how much your salary is. Make sure that your school does your taxes for you(or do them yourself) as you'll likely be entitled to a refund at the end of the year.
http://www.nts.go.kr/eng/default.html
You can check what your monthly 'withholding tax' should be according to the Korean gov't through that link. |
|
| Back to top |
|
|
Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
|
| Posted: Thu Apr 27, 2006 9:32 pm Post subject: |
|
|
"I am British, working in US. When I pay tax, who gets it - the US government or the British government?".
 |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
