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clyde
Joined: 09 Jan 2006
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 Posted: Fri May 16, 2008 10:28 pm Post subject: Tax amount |
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| At my school we are charges 3.3 percent of our earnings for taxes. 3 percent for the normal, and .3 for some special Gangnam tax. Does anyone know for sure if this is proper? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sat May 17, 2008 12:01 am Post subject: Re: Tax amount |
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| clyde wrote: |
| At my school we are charges 3.3 percent of our earnings for taxes. 3 percent for the normal, and .3 for some special Gangnam tax. Does anyone know for sure if this is proper? |
not unless you are making tons of money...
Taxes are NOT a flat rate percentage.
They are on a sliding scale based on your earning and allowable deductions (just like at home).
http://www.nts.go.kr/eng/help/help_52.asp?top_code=H001&sub_code=HS05&ssub_code=HSE2
input your salary in MAN won (2.1 mil = 2100 MAN won, 2.2 mil = 2200 MAN won).
You get out what your taxes SHOULD be.
If you are being flat rated at 3.3% then your boss is a cheat. You must be at a hakwon.
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Roch
Joined: 24 Apr 2003
Location: Seoul
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| Posted: Sat May 17, 2008 1:20 am Post subject: |
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Ttompatz:
Thanks a bundle for all of your advise about every aspect of working in the R.O.K.
Sincerely,
R |
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