Korean Job Discussion Forums

[Smithington]

I've been handed a 12 page document about doing my year end taxes. The English isn't particularly good, and it directs me to a website that doesn't seem to function in the way the document says it does. Does anyone else have to fill this form? I've never had to do it in previous years, so I'm guessing it's new.

It's called the Easy Guide to Simplified Year-End Tax Settlement Service. This being Korea it is, unsurprisingly, anything but 'simplified'. It looks like a lot of bureaucratic &$@* and a major headache to boot.

They do love paperwork.

[ttompatz]

http://www.nts.go.kr/eng/

look for the foreign tax advocate.

.

[FriendlyDaegu]

Are you not working for a Korean company? I thought this was something that only employers or self-employed people deal with. At my company we just fill out a paper to see if we have enough deductions to qualify for a lower rate. The employer's tax lawyers do the settlement.

If you're self employed, then yeah, sorry.

[Jake_Kim]

'Tax Settlement' - this translation is rather awful, it is simply your claiming tax deductions as the income tax on your salary has been withheld by your employer in accordance with predetermined formulae and/or tax table without considering deductions and exemptions that you might be eligible for.

On the NTS website, you can take a look at this PDF file: http://www.nts.go.kr/inc/download.asp?file_url=/eng/help/EasyGuide_2012_final.pdf&file_nm=EasyGuide_2012_final.pdf to get the big picture.

You'll probably need a 'digital certificate' that you use in internet banking to do anything about this electronic version of 'Tax Settlement Service'.

[Smithington]

I'm working at a public school. Is this time-consuming headache really necessary? Do any other public school employees have to do this?

[Ruthdes]

My school is doing mine for me, but this had brought up another problem which I asked about in this thread http://forums.eslcafe.com/korea/viewtopic.php?t=225622