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Roch
Joined: 24 Apr 2003
Location: Seoul
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 Posted: Tue May 15, 2007 8:58 pm Post subject: U.S. Citizens and Income Taxes in Korea |
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My principal told me today that U.S. ctizens can only claim exemtion from paying income taxes in Korea if they are on an exchange program between two particular schools.
I checked the N.T.S. site but did not find any info about this point and am wondering if anybody has the scoop on this.
R |
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PRagic
Joined: 24 Feb 2006
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| Posted: Wed May 16, 2007 4:47 am Post subject: |
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| As long as you are residing outside of the US for year, you do not have to pay taxes on any income earned overseas up to USD $80,000. Double check this on the IRS website. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed May 16, 2007 5:31 am Post subject: Re: U.S. Citizens and Income Taxes in Korea |
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| Roch wrote: |
My principal told me today that U.S. ctizens can only claim exemtion from paying income taxes in Korea if they are on an exchange program between two particular schools.
I checked the N.T.S. site but did not find any info about this point and am wondering if anybody has the scoop on this.
R |
US citizens are exempt from KOREAN income taxes for their first 2 years in Korea provided that they have a filed an 8802 with the IRS and have the reply form from the IRS (I forgot the number)
AND
work at a public school or publicly funded university.
Contact Wenise Kim and she can give you the particulars and then explain them to your principal.
Ms. Wenise Kim
Gyeonggi Provincial Office of Education
Level 3, Schools Policy Division
15 Worldcup-gil, Jangan �gu
Suwon , Gyeonggi-do 440-702
Republic of Korea
Ph. +82-(0)31-249-0044 |
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