Korean Job Discussion Forums

dmbfan · Joined: 09 Mar 2006

Has anyone hear of this? Well, I just heard about it..........

A school, considering housing part of the renumeration package...and then taxing you on it.................

Anyone?

dmbfan

tob55 · Joined: 29 Apr 2007

Sounds like a neat way for the administrators to recoup their out of pocket expenses by adding some illegal VAT and calling it part of the compensation package...As I see it, the Korean administrators are just bent on controling everything the foreign instructors do when they are in their employ...They don't need to have a good reason. They do many things just because they can, and it is a way to exercise their power OR self-perceived power...

dmbfan · Joined: 09 Mar 2006

reactionary · Joined: 22 Oct 2006 Location: korreia

It's happening to me. There's a thread or two about it.

tob55 · Joined: 29 Apr 2007

Glad to see you are thinking about a new position...I know if anyone can find out the ins and outs of a school or program it is you...All the best in your search...It's great to see you around...

dmbfan · Joined: 09 Mar 2006

cbclark4 · Joined: 20 Aug 2006 Location: Masan

Last thing I read on this was they can consider housing as part of your pay if you are a private contractor. Private contractors are not on E2 visas.

So bottom line if you are on an E2 visa you are not a provate contractor.

Of course this could be wrong. Waiting for Ttompatz to answer.

dmbfan · Joined: 09 Mar 2006

mrsquirrel · Joined: 13 Dec 2006

[quote="dmbfan"]

dmbfan · Joined: 09 Mar 2006

ontheway · Posted: Wed Aug 08, 2007 8:43 pm Post subject:

The Income tax exemption is for the Korean income tax for two years and it's only for teachers in public schools not hogwan teachers.

The tax status of "independent contractor" is determined by the tax laws and the National Tax Service and it is not the same as your immigration or visa status which is set by the immigration laws and the administrators at Immigration.

Some fringe benefits such as housing allowances and free housing are taxable under some conditions and not taxable under other conditions. You can ask the tax office, but in the US, when you ask the IRS they give out the wrong answer to questions more than 50% of the time.

Don't expect government policies to be consistent or logical, not in Korea, nor in any other country.

sconner · Joined: 26 Jan 2006 Location: South Carolina

What would a "house management expense" of 20,000 won be considered?

reactionary · Joined: 22 Oct 2006 Location: korreia

sconner, that sounds like a maintenance fee, which is a normal utility here. supposedly it pays for crap like someone coming by and picking up all the flyers on the floor in the hallway.

yours is really LOW, by the way. they often run in the 50,000-100,000 won/month range in the seoul area.