Korean Job Discussion Forums

escapeartist · Joined: 09 Feb 2006

Hi there,

I've been working for a public high school since June and my employer has not been taking out any taxes from me. They said it's because if you make under a certain amount in a year, you don't have to pay taxes. Do you know if this is true? I'll be making a total of 13,000,000 in 2006, not including my housing allowance. Are there any websites which give information on the Korean tax system?

Thanks!

Pak Yu Man · Joined: 02 Jun 2005 Location: The Ida galaxy

YOu make 1 million a month? WTF is that? The tax board should be giving you tax money.

ChopChaeJoe · Joined: 05 Mar 2006 Location: Seoul

Do they have a food stamp program in Korea? Dude, you should quit.

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

poet13 · Posted: Fri Sep 22, 2006 6:51 am Post subject:

I'm definitely not an authority on this, but if you're not Canadian, I believe in the public school system you are tax exempt for the first two years, including any prevous work experience in country. I don't kow though if they are still supposed to take it and then you get a refund. I would suggest calling the tax office and finding out. You don't want to get hit with a "pay this amount" demand later...

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

deleted.

ontheway · Posted: Sat Sep 23, 2006 2:47 am Post subject:

The OP said public high school NOT hogwan.

The truth is that most PEOPLE are ignorant about taxes in every country in the world, because income tax systems are all overly complex and confusing.

Under Korean tax law, you should be paying your taxes now. If you have your health insurance and pension set up, they you should just be patient. They'll get around to your income taxes eventually. If not, you have a small bonus.

escapeartist · Joined: 09 Feb 2006

Thanks for your feedback everyone. Yeah I'm not Canadian so I think the two year rule applies to me.