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dimnd
Joined: 19 May 2005
Location: Western USA
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 Posted: Wed Feb 07, 2007 11:55 pm Post subject: severance pay taxed? |
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company says 3.3% is taken out for taxes for severance?
Is that correct? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Feb 08, 2007 12:27 am Post subject: Re: severance pay taxed? |
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| dimnd wrote: |
company says 3.3% is taken out for taxes for severance?
Is that correct? |
Taxed... yes, but the rate is wrong.... call the tax man.. or use the advocate service::
http://www.nts.go.kr/eng/front/faqs_qna/foreign.asp |
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dimnd
Joined: 19 May 2005
Location: Western USA
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| Posted: Thu Feb 08, 2007 1:32 am Post subject: severance taxed |
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| ok ty..sent a question to them and will call tomorrow..thanks... |
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ilovebdt
Joined: 03 Jun 2005
Location: Nr Seoul
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| Posted: Thu Feb 08, 2007 7:01 pm Post subject: |
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I was not taxed on the severance pay I received this year.
ilovebdt |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Fri Feb 09, 2007 3:27 pm Post subject: |
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| I had no deductions from my severance pay - it was the exact amount of my current monthly salary. |
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cubanlord
Joined: 08 Jul 2005
Location: In Japan!
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| Posted: Fri Feb 09, 2007 3:35 pm Post subject: |
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| I was not taxed the past two years on my "bonus". |
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dimnd
Joined: 19 May 2005
Location: Western USA
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| Posted: Fri Feb 09, 2007 7:06 pm Post subject: severance taxed |
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| Company refuses to bend on this...says 3.3% period! |
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cubanlord
Joined: 08 Jul 2005
Location: In Japan!
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| Posted: Fri Feb 09, 2007 10:06 pm Post subject: Re: severance taxed |
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| dimnd wrote: |
| Company refuses to bend on this...says 3.3% period! |
wow.  So either:
A) our places of employment have it all wrong and we are getting taxed too low
B) your place wants you to cover a lot more for some other underlying reason
C) we get taxed at 3.3% but get a huge refund back (as Americans are this year). |
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ilovebdt
Joined: 03 Jun 2005
Location: Nr Seoul
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| Posted: Fri Feb 09, 2007 10:12 pm Post subject: Re: severance taxed |
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This is bizarre. Should I be surprised? Not really this is Korea.
Could it depend on the number of employees in the company?
Did u contact the tax office?
ilovebdt |
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willneverteachagain
Joined: 17 Dec 2006
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| Posted: Fri Feb 09, 2007 11:14 pm Post subject: |
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| tell him u want proof |
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cubanlord
Joined: 08 Jul 2005
Location: In Japan!
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| Posted: Sat Feb 10, 2007 2:00 am Post subject: Re: severance taxed |
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| ilovebdt wrote: |
Did u contact the tax office?
ilovebdt |
Yes. Call Sun-a from the tax office (02-397-1448). She is nearly fluent in English and is happy to help you. She'll explain everything AND if your job is messing around with you in terms of tax, TELL her! She'll get on them like white on rice! |
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Sun Feb 11, 2007 3:47 am Post subject: |
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Thank you very much, cubanlord.  |
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dimnd
Joined: 19 May 2005
Location: Western USA
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| Posted: Mon Feb 12, 2007 12:51 am Post subject: tax info |
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| Yes, thank you very much Cubanlord. |
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