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Jotun_Symph
Joined: 21 Aug 2011
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 Posted: Tue Sep 06, 2011 5:08 am Post subject: boss screwed me? |
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| I paid taxes from Jauary 2010-February 2011 at my old hagwon, but never received any refund, and my boss never mentioned filing them. I am wondering is it too late to go back and pursue the issue? Frankly, I was so happy she didn't screw me out of my pension and severance that I wasn't inclined to argue at the time. I haven't read any recent posts on the tax issue, so if anyone has any updated info or links that would be a great help. Thanks. |
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thegadfly
Joined: 01 Feb 2003
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| Posted: Tue Sep 06, 2011 7:35 am Post subject: |
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2010 was when the 30% exemption went away, so a lot of people ended up paying more in taxes/getting less back than in previous years. I know in my own case, I ended up OWING some tax money, as my taxes were deducted according to my base salary, but I work a not-insignificant amount of OT, and at the end of the year, with my actual income reported, I owed more than had been deducted, so that shortfall had to be made up....
I'm not saying anything like that is the case for you, but I DO know that the amount folks I know got back for the 2010-2011 working year was a lot less than prior to 2010....
http://www.nts.go.kr/eng/help/help_53.asp?top_code=H001&sub_code=HS05&ssub_code=HSE3
This should hopefully give you an idea of how much you owed, and you can compare it to what you paid in....
You want to choose progressive, not 15% flat, and where it asks you to enter your monthly tax withholding, you actually have to enter the amount for the whole year.
Last edited by thegadfly on Tue Sep 06, 2011 7:44 am; edited 2 times in total |
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sojusucks
Joined: 31 May 2008
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| Posted: Tue Sep 06, 2011 7:40 am Post subject: |
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| OP, did you ever sign a tax form? If not, your taxes were never filed. You can visit the tax office, with your ARC, and verify everything. |
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ontheway
Joined: 24 Aug 2005
Location: Somewhere under the rainbow...
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| Posted: Tue Sep 06, 2011 8:19 am Post subject: |
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| sojusucks wrote: |
| OP, did you ever sign a tax form? If not, your taxes were never filed. You can visit the tax office, with your ARC, and verify everything. |
Actually, in most cases, if you have had enough money withheld and paid to the tax office to cover your liability, there is no need to file a tax return in Korea. It is only required if you owe more money or if you wish to claim a refund, if any is due.
US filers are used to the concept that everyone over a low minimum must file a return - but that is not standard around the world.
What is standard for schools in Korea is for your employer to pay in the exact amount due for your income. Most E2 teachers work for small employers that only have to report income taxes withheld once or twice per year and it is easy for them to pay the exact amount to the tax office. So, there is no need for most teachers to sign any tax documents.
It is quite common, however, for them to overwithhold all year so that there is an excess in the amount withheld over the amount paid. Sometimes this excess is returned to the employee as it should be and sometimes the employer keeps it.
Sometimes the employer pays in all of the money withheld and the employee needs to file for a refund. Sometimes the employer has underwithheld and has to pay the difference himself. |
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