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teacherman1234
Joined: 19 Apr 2007
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 Posted: Mon Jan 31, 2011 9:39 pm Post subject: Get your free money? |
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So i hear the first two years teaching in korea are tax free? Ive seen it said a few times but no one says how you get this or gives a link to the tax website where it is (ive tried the tax office website but no luck finding it)
Does anyone know if this includes when you take a break in between contracts?
How would one go about reclaiming this bounty? Ive tried searching Daves but no luck, can anyone point the way to more info on this?
Im from the U.K. if it matters,
Thanks in advance |
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jrwhite82
Joined: 22 May 2010
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| Posted: Mon Jan 31, 2011 9:44 pm Post subject: Re: Get your free money? |
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| teacherman1234 wrote: |
| Does anyone know |
Your financial advisor.
Just kidding, it is harder to find info on the UK system then the US system. So your best bet is probably to actually read your equivilant of the IRS tax rules. Ugh! I'm glad that the US is not the only country with ridiculously complicated tax code. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Jan 31, 2011 10:26 pm Post subject: Re: Get your free money? |
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| teacherman1234 wrote: |
So i hear the first two years teaching in korea are tax free? Ive seen it said a few times but no one says how you get this or gives a link to the tax website where it is (ive tried the tax office website but no luck finding it)
Does anyone know if this includes when you take a break in between contracts?
How would one go about reclaiming this bounty? Ive tried searching Daves but no luck, can anyone point the way to more info on this?
Im from the U.K. if it matters,
Thanks in advance |
2 big IFs.
IF you maintain residence (for tax purposes) in your home country and
IF you work at a public school or publicly funded university
Then you can be exempted from Korean income tax (but will be subject to tax at home according to the rules for overseas income in your home country).
This requires that you get a certificate of tax residence from your home country.
This is NOT applicable to Canadians.
It is only for your 1st two (tax - working) years in Korea. Yes, you can take a break between contracts.
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