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| Does your overtime get taxed? |
| Yes, my overtime pay is added to my salary and taxed +- 5% |
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80% |
[ 8 ] |
| No, my salary gets taxed +-5% and my overtime gets added on that |
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20% |
[ 2 ] |
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| Total Votes : 10 |
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saint_moi
Joined: 06 Apr 2003
Location: That little place where I'm meant to be.
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 Posted: Tue Sep 20, 2005 8:14 am Post subject: Does your overtime get taxed? Y / N |
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| well, does yours? |
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joe_doufu
Joined: 09 May 2005
Location: Elsewhere
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| Posted: Tue Sep 20, 2005 3:43 pm Post subject: |
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I didn't reply because I don't know and don't care. The "tax" in Korea is not a flat percentage, as your employer may have led you to believe. In fact it's on a progressive scale just like most countries. When I file my tax return I'll find out what I actually owe, and then settle accounts with the boss, who has been taking a flat 5% since I arrived.
PS: Does anybody know when tax season is? When and how do you file a tax return? |
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some waygug-in
Joined: 25 Jan 2003
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| Posted: Tue Sep 20, 2005 7:17 pm Post subject: |
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| I have never filed a tax return in Korea. |
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plattwaz
Joined: 08 Apr 2005
Location: <Write something dumb here>
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| Posted: Wed Sep 21, 2005 4:44 am Post subject: |
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My overtime was always taxed - back in the days when I worked forced overtime.
As for the tax return - all of my previous returns have actually been filed by my school, which would approach all teachers one day and tell us to sign the form that they had graciously compelted for us. About a month later (end of January maybe?) a deposit was made into our accounts with the refund. |
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SuperHero
Joined: 10 Dec 2003
Location: Superhero Hideout
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| Posted: Wed Sep 21, 2005 5:57 pm Post subject: |
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Tax time is January. Last year I got 1.4 million back.
I quit my job in August and on September 10th, but prior employer depostited my tax return (1.0 mill) into my bank account. Most employers do taxes for the employees... |
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joe_doufu
Joined: 09 May 2005
Location: Elsewhere
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| Posted: Wed Sep 21, 2005 9:05 pm Post subject: |
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| SuperHero wrote: |
Tax time is January. Last year I got 1.4 million back.
I quit my job in August and on September 10th, but prior employer depostited my tax return (1.0 mill) into my bank account. Most employers do taxes for the employees... |
Yes, I'm aware that my employer is willing to "do" my taxes. I want to do them myself.
You quit your job twice? |
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SuperHero
Joined: 10 Dec 2003
Location: Superhero Hideout
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| Posted: Wed Sep 21, 2005 9:16 pm Post subject: |
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| joe_doufu wrote: |
| SuperHero wrote: |
Tax time is January. Last year I got 1.4 million back.
I quit my job in August and on September 10th, but prior employer depostited my tax return (1.0 mill) into my bank account. Most employers do taxes for the employees... |
Yes, I'm aware that my employer is willing to "do" my taxes. I want to do them myself.
You quit your job twice? |
Typo, that should be I quit my job in August and then on September 10th recieved my tax return.... |
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saint_moi
Joined: 06 Apr 2003
Location: That little place where I'm meant to be.
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| Posted: Mon Sep 26, 2005 7:13 pm Post subject: |
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then what does a typical Korean tax return form look like?
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| depostited my tax return (1.0 mill) into my bank account |
Im sure every waygookin would appreciate their tax return, is there any way of downloading such a form from the net? Does everyone here do tax returns? 1000$ ? And you don't? I don't / I haven't. Yet. |
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