Korean Job Discussion Forums

[SandraDee]

Ok so I work in an after school program, and they didn't file for my tax refund. Now I'm doing it myself in my last week of being in Korea. I have found out that I need to get some sort of income receipt, which I assumed would be my payslips from 2007. Instead, my school has given me an income receipt which comes from the tuition the students pay for each month. The numbers are all over the place, and I'm not sure if this seems so ligit, or accurate. For anyone who knows about the after school programs and these sketchy tuition accounts, any advice? My co-teacher has told me that these papers they've given me say that these amounts were paid to me, which obviously they were not. Should I be claiming my income from payslips or the income that it states on these papers? Anyone know what the difference will be with the refund? Will I even get a refund if I claim this inaccurate income?
Any info would be helpful, thanks!

[big_fella1]

You may find that the school has not been remitting the tax they deducted from your salary. DO NOT HAND IN the income receipts. I was provided a certificate by the NTS of my earnings and tax receipts (0). What % tax was your school taking? You may be better to get your school to give you the refund and threatening to go to the NTS may help (although in my admittedly limited experience Hagwons tend to run as TAX exempt enterprises here). Also there is an exemption on income tax if working for a public school for 2 years unless you are Canadian. Try http://www.nts.go.kr/eng/ for more info.

Sorry to say it but I don't think you will get a refund with only 1 week to go.

[SandraDee]

So when I go to the tax office this week, should I just give them my payslips? Do those count as "income receipts"? I am Canadian, and have heard from others that I should get a refund, so I hope I can get it done and processed at least, then leave my bank card with a friend if it takes awhile to get in there. My company has been taking W69,300 a month from my paycheck.

[big_fella1]

"9. Is there a way we can get a refund for last year's income tax on my paycheck?

The tax amount taken off your wage is treated as a credit against the overall amount of tax payable by you for the tax year in question. In January of the following year or at the time of the last payment of income in the year, your tax liability is settled and finalized through exact calculation by applying the related tax rates.

And then, the balance between the sum of the amount of tax withheld monthly and final tax due to be paid is collected or refunded to you, which means you have to check your tax settlement with your employer, not NTS.

10.When do I receive my tax receipt for wages and is it possible to get a monthly tax receipt?

The withholding agent, normally who pays wages to you (with the exception of tax association), shall deliver the withholding receipt specifying the employment income and other necessary matters, not later than the end of February in the year following the year concerned.
However, your employer is not obligated to issue a monthly tax receipt."

source: http://www.nts.go.kr/eng/help/help_02.asp?top_code=H001&sub_code=HS01&ssub_code=HSA2#9.

Try the payslips but speak to your school first and insist on the withholding receipt. I am fairly certain none of your tax will have made it to NTS so try and recover it from the employer unless you don't care then go to NTS and hopefully they will do something.

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