Ut videam
Joined: 07 Dec 2007
Location: Pocheon-si, Gyeonggi-do
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 Posted: Mon May 19, 2008 6:04 am Post subject: Korean income tax exemption: public unis or all unis? |
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(carried over from http://forums.eslcafe.com/korea/viewtopic.php?t=122994 so as not to hijack that thread)
Based on my reading of the US-Korea tax treaty and the Technical Explanation published by the US Treasury Department, I believe that public school teachers and university teachers are entitled to the two-year exemption from Korean income tax.
Another poster has claimed that the exemption applies only to public university teachers.
Does anyone have specific information one way or the other?
BACKGROUND:
From the Korea-US tax treaty (http://www.irs.gov/pub/irs-trty/korea.pdf):
| Quote: |
ARTICLE 20
Teachers
(1) Where a resident of one of the Contracting States is invited by the Government of the other Contracting State, a political subdivision, or a local authority thereof, or by a university or other recognized educational institution in that other Contracting State to come to that other Contracting State for a period not expected to exceed 2 years for the purpose of teaching or engaging in research, or both, at a university or other recognized educational institution and such resident comes to that other Contracting State primarily for such purpose, his income from personal services for teaching or research at such university or educational institution shall be exempt from tax by that other Contracting State for a
period not exceeding 2 years from the date of his arrival in that other Contracting State. |
From the Technical Explanation published by the U.S. Treasury Department (http://www.irs.gov/pub/irs-utl/koreatrweb.pdf):
| Quote: |
ARTICLE 20
Teachers
Paragraph (1) provides that where a resident of one Contracting State is invited by the Government of the other Contracting State, a political subdivision, or a local authority thereof, or by a university or other recognized educational institution in that other Contracting State to come to that other Contracting State for a period not expected to exceed two years for the purpose of teaching or engaging in research, or both, at a university or other recognized educational institution, and such resident comes to that other Contracting State primarily for such purpose, his income from personal services for teaching or research at the university or educational institution will be exempt from tax by that other Contracting State for a period not exceeding two years from the date of his arrival in that other Contracting State. |
There seems to be nothing in these texts to suggest that the exemption applies only to public universities.
In addition, the accounting department at my private university checked with the NTS, who apparently told them that I am eligible for the exemption.
So... anyone? |
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