| View previous topic :: View next topic |
| Author |
Message |
hochhasd
Joined: 05 Jul 2008
|
 Posted: Fri Mar 20, 2009 6:21 am Post subject: What are the taxes that I will have to pay? |
 |
|
I hear that I have three taxes that are deducted from my pay. I believe they are Pension, Medical and resident. I do not have any Korean tax taken out. What are the exact percentages for each that are deducted? What does the resident tax cover? I also heard medical may be going up, is this true? Thanks for any help that you can provide.  |
|
| Back to top |
|
 |
Otherside
Joined: 06 Sep 2007
|
| Posted: Fri Mar 20, 2009 6:41 am Post subject: |
|
|
I've always been under the impression that residence tax was 10% of your income tax. If you are not paying korean income tax, are you working for a public school (if not, you should be paying korean income tax, and it means your employer is crooking the books, so be very wary).
Regarding the other 2. You pay half of pension and medical, so for pension the amount is 9% (you pay 4.5%) and medical it is 5.08%(you pay 2.54%, this amount has changed recently, so i may be out...but only by a few decimal points)> |
|
| Back to top |
|
|
hochhasd
Joined: 05 Jul 2008
|
| Posted: Fri Mar 20, 2009 7:58 am Post subject: |
|
|
I will be working for a public school and I am a US citizen. I thought the medical percent is going up?  |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
