| View previous topic :: View next topic |
| Author |
Message |
Openfire
Joined: 11 Nov 2010
Location: Seoul, South Korea
|
 Posted: Fri Feb 11, 2011 5:28 am Post subject: residency Tax |
 |
|
So most of the discussions on these boards refer to the typical 3.3% income tax you have to pay. but I haven't seen many discussions about residency tax that I read was about 10% of the salary a month.
Can someone explain this to me as its in my contract and I havent been able to find a topic about it here or even searching google. |
|
| Back to top |
|
 |
schwa
Joined: 18 Jan 2003
Location: Yap
|
| Posted: Fri Feb 11, 2011 5:48 am Post subject: |
|
|
| Its 10% of your tax, not your income. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Fri Feb 11, 2011 5:57 am Post subject: Re: residency Tax |
|
|
| Openfire wrote: |
So most of the discussions on these boards refer to the typical 3.3% income tax you have to pay. but I haven't seen many discussions about residency tax that I read was about 10% of the salary a month.
Can someone explain this to me as its in my contract and I havent been able to find a topic about it here or even searching google. |
3% income tax and 0.3% for your resident tax (total of 3.3%).
Not going to get into the overtaxed issue (employee vs employee called a subcontractor).
. |
|
| Back to top |
|
|
Openfire
Joined: 11 Nov 2010
Location: Seoul, South Korea
|
| Posted: Sat Feb 12, 2011 7:47 pm Post subject: |
|
|
| that explains A LOT! thank you for that, everything makes sense now. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
