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sojukettle
Joined: 23 Aug 2005
Location: Not there, HERE!
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 Posted: Thu Jan 21, 2010 6:13 pm Post subject: More on Income Tax - NTS Press Relaease |
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② If a foreign engineer who works on a technology-transfer contract or who works as a research worker in a research institute for science technology provides his/her service to the Korean resident (individual or domestic corporation) in Korea, his/her wage/salary income tax is exempted for 5 years. (Article 18, RSTA) .
③ If a foreigner whose country of residence has a tax exemption provision for teachers/professors in its tax treaty with Korea meets the requirement for tax exemption, his/her income paid for his/her teaching/research in the authorized school is exempt from tax for a period not exceeding 2 years. .
* A foreign English teacher who is a resident among US, UK, Australia, New Zealand, Ireland, or the Republic of South Africa at the time when he/she enters Korea is qualified for tax exemption.
Info from here ...
http://www.nts.go.kr/eng/ (Press Release and Guide to Foreigners..)
sk |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri Jan 22, 2010 12:02 am Post subject: Re: More on Income Tax - NTS Press Relaease |
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| sojukettle wrote: |
② If a foreign engineer who works on a technology-transfer contract or who works as a research worker in a research institute for science technology provides his/her service to the Korean resident (individual or domestic corporation) in Korea, his/her wage/salary income tax is exempted for 5 years. (Article 18, RSTA) .
③ If a foreigner whose country of residence has a tax exemption provision for teachers/professors in its tax treaty with Korea meets the requirement for tax exemption, his/her income paid for his/her teaching/research in the authorized school is exempt from tax for a period not exceeding 2 years. .
* A foreign English teacher who is a resident among US, UK, Australia, New Zealand, Ireland, or the Republic of South Africa at the time when he/she enters Korea is qualified for tax exemption.
Info from here ...
http://www.nts.go.kr/eng/ (Press Release and Guide to Foreigners..)
sk |
Nothing new there. It has been that way since the IMF bailout (10 years ago).
One thing to note here however is that the provision for "teachers" is limited to those teaching at a public school, or at a university.
Hagwon / unigwon teachers DO NOT get the tax exemption.
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Pinished
Joined: 08 Dec 2009
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| Posted: Fri Jan 22, 2010 4:11 am Post subject: Re: More on Income Tax - NTS Press Relaease |
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| ttompatz wrote: |
| sojukettle wrote: |
② If a foreign engineer who works on a technology-transfer contract or who works as a research worker in a research institute for science technology provides his/her service to the Korean resident (individual or domestic corporation) in Korea, his/her wage/salary income tax is exempted for 5 years. (Article 18, RSTA) .
③ If a foreigner whose country of residence has a tax exemption provision for teachers/professors in its tax treaty with Korea meets the requirement for tax exemption, his/her income paid for his/her teaching/research in the authorized school is exempt from tax for a period not exceeding 2 years. .
* A foreign English teacher who is a resident among US, UK, Australia, New Zealand, Ireland, or the Republic of South Africa at the time when he/she enters Korea is qualified for tax exemption.
Info from here ...
http://www.nts.go.kr/eng/ (Press Release and Guide to Foreigners..)
sk |
Nothing new there. It has been that way since the IMF bailout (10 years ago).
One thing to note here however is that the provision for "teachers" is limited to those teaching at a public school, or at a university.
Hagwon / unigwon teachers DO NOT get the tax exemption.
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So if someone is NOT a resident in their own country and is asked to sign a form like the 6166 that states they aren't a resident in Korea then please tell me where the heck they are suppose to reside?
People/teachers shouldn't expect to avoid taxes by filing forms/certificates stating they don't reside anywhere. |
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naturegirl321
Joined: 18 Jul 2006
Location: Home sweet home
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| Posted: Fri Jan 22, 2010 5:23 am Post subject: Re: More on Income Tax - NTS Press Relaease |
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| Pinished wrote: |
So if someone is NOT a resident in their own country and is asked to sign a form like the 6166 that states they aren't a resident in Korea then please tell me where the heck they are suppose to reside?
People/teachers shouldn't expect to avoid taxes by filing forms/certificates stating they don't reside anywhere. |
Look here. http://forums.eslcafe.com/korea/viewtopic.php?t=175572
I'm in the same boat, have't been a US resident for 8 years. I still might try the 6166, I think that residency is more like domicile. So if you have fmaily and a bank accoutn inthe US, then you might qualify.
ANd maybe a "resident" in Korea is someone with a longer visa, like F5, not E2 |
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