Korean Job Discussion Forums

[Homer]

[the eye]

[Homer]

Elobrate on what?

I consulted an accountant a few years back about my taxes to make sure I was doing things right. It happened I was not including every deduction I could. Since I work for my university, the payroll department files for me and I get a nice refund every year.

What else do you need to know?

If you work in a Hakwon and are not getting a refund then either your school is doing everything ok or its not...it is up to you to check, no one will do it for you.

[the eye]

[Homer]

Deductions depend on your situation the eye. I cannot give you some sort of universal guide to tax deductions. You have to figure that out according to your situation. Talk to your school and/or to an accountant.

Some deductions may be related to having a car and using it to go to work for example....

[the eye]

i have talked to an accountant, but translation was a problem, and as with everything here, you can never be sure that you are getting the whole truth. sometimes a second or third opinion is needed.

seeing that you've had experience already and say it was 'simple stuff', i thought you might like to benefit the rest of us by sharing. you know, give some examples. the car thing was mentioned before you on this thread already.

anyway, you'd be suprised how many out there have similar situations as yourself.
are you sure there's nothing you can share?

[Homer]

Well..good point the eye.


I will not share personal tax information here (including what deductions I get).


All I can say is that you can get English speaking accountants to check your taxes here. They cost money but for a mid to long timer it is well worth the cost.

I realize a lot of people might be in this same boat. Just get out there and find the ressources they exists. If you have a good relationship with your employer talk to him/her.

Note that it is possible a person is not entitled to any refund. Note that it is also possible to end up owing money (this would fall on the schools lap however).

As for me, as examples: I deducted some travel I did for work, the cost of some professional development seminars and other job related activities.

[ajuma]

From what I understand, the basic deductions from your pay are based on if you're single or married, have children or not, AND your age. What things are "claimable"? JUST GUESSING here, but I think some of the tax that you pay on gasoline and maybe some of the money that you have taken out in taxes at the supermarket (look at your receipts). I'm also pretty sure that you get some refund of the taxes paid on airfare...one of my co-workers always charges his airtickets and he gets a HUGE refund. If you really want to know exactly, why don't you have a Korean co-worker or friend call the tax department and find out!

[the eye]

[Homer]

Actually, your employer is supposed to submit your tax documents for you and ensure they are in order....hence it is on their lap.

[the eye]

Yes, you're right. Just fighting for the sake of fighting.