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Colorado
Joined: 18 Jan 2006
Location: Public School with too much time on my hands.
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 Posted: Wed Mar 26, 2008 7:29 pm Post subject: Inhabitant tax?? |
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I'm a US citizen and was exempt from Korean Income tax for my first two years in Korea. This year I'm going to pay income tax. I've just been informed that I must now also pay an "inhabitant tax."
Anyone heard of this tax? |
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Colorado
Joined: 18 Jan 2006
Location: Public School with too much time on my hands.
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| Posted: Wed Mar 26, 2008 7:31 pm Post subject: |
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| Sorry, this should have been posted to the Job Discussion site. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Mar 26, 2008 8:34 pm Post subject: Re: Inhabitant tax?? |
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| Colorado wrote: |
I'm a US citizen and was exempt from Korean Income tax for my first two years in Korea. This year I'm going to pay income tax. I've just been informed that I must now also pay an "inhabitant tax."
Anyone heard of this tax? |
It is a small percentage (I can't remember for sure but I think it was 10%) of your income tax and is included in the same monthly deduction. It works out to about 3-6k won per month on a salary of 2.3 million. |
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Colorado
Joined: 18 Jan 2006
Location: Public School with too much time on my hands.
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| Posted: Wed Mar 26, 2008 9:43 pm Post subject: |
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So it's legit.
Thanks.
I'll reset my Korean BS meter. |
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