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deetah
Joined: 14 Nov 2004
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 Posted: Thu Jan 26, 2006 11:51 pm Post subject: Tax rate in Korea? |
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| Is the income tax rate 5%? Or lower? Wondering for paycheck deduction purposes. |
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sheba
Joined: 16 May 2005
Location: Here there and everywhere!
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| Posted: Fri Jan 27, 2006 1:48 am Post subject: |
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LOWER
But it seems that most hagwon owners like to deduct that much and not bother paying any tax anyway. |
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Wrench
Joined: 07 Apr 2005
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Grotto
Joined: 21 Mar 2004
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| Posted: Fri Jan 27, 2006 7:39 am Post subject: |
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Go to FAQ look under tax rate.
There is no set %, Its on a sliding scale depending on what you earn. It can be as little as 1.6% for a salary of 2 mil.
Visit the NTS tax site and check your monthly withholding tax.....dont let them take off a won more than what it says! |
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