Korean Job Discussion Forums

[rippa]

I've been carefully reading the "Easy Guide for Foreigners' Year-end Tax Settlement" published by the National Tax Service (Dec. 2006)
http://www.nta.go.kr/NTS_files/eng/guide/Year-endSettlement_2006.pdf

It mentions that foreign engineers can work in Korea tax free. Does anyone have experience with this?

It is a bit vague about what types of work are relevant. University teaching on a technical subject as an introduction of technologies?

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"Tax Exemption for Foreign Engineers" (p. 43)
"A foreign engineer who falls under the Enforcement Decree of RSTA �16 (1) shall be allowed to be exempted from income tax on employment income derived from the provision of his services to a national within Korea if such employment income has been earned until the month whereto belongs the date on which 5 years have passed since the first date on which the foreign engineer provided his services in Korea. (RSTA �18 (1)) A foreign engineer shall be allowed to be exempted from income tax on employment income derived by providing his services to a national within Korea under a contract for the introduction of technologies as referred to in the Foreign Investment Promotion Act. In this case the exemption amount shall be limited to the income earned until the month whereto belongs the date on which 5 years have passed since the date of delivery of the certificate of report on a contract for the introduction of such technologies. (RSTA �18 (2)) Foreign engineer shall file a written application for tax exemption to the tax office not later than the 10th of the month next to that whereto belongs the day on which he has provided a service."

[ttompatz]