Korean Job Discussion Forums

[BS.Dos.]

On my EPIK contract, Article 13.3.1 states:

"Residence Certificate" issued by a competent authority of employee's resident country 2) " an Application for Tax Exemption" on non-resident's Korean source income provided under the Korean Tax treaty

My residence is the UK. Can anyone tell me what I need to produce by way of a Competent Authority?

Many thanks.

[cruisemonkey]

If the UK has a tax treaty with Korea (I think it does), you are exempt from paying Korean income tax for two years. Go to the UK income tax authority (Inland Revenue?) and get a Residence Certificate.

[elliemk]

Well, I live in the US and am coming to Korea next week. I was going to do the residence certificate thing, but from what I could find out, if I did that, I wouldn't get my foreign income tax exclusion for tax purposes. So, I'm not going to do it. Besides - I'll look at the little more than two percent in Korea taxes as a savings account. The point here being that you might want to make sure you can still get your foreign income tax exclusion in the UK if you do file a residence certificate.

[dogshed]

[dogshed]

Here's how you get both the US exclusion and the Korean tax break:

http://forums.eslcafe.com/korea/viewtopic.php?t=87567&highlight=tax

[dogshed]

I didn't know what form to get and my school found a work around. Tell them you don't know and see what happens.

[BS.Dos.]

^So, are you saying that I should forget about it and just turn up?

Will I still qualify for the lower tax rate without the certificate of residence?

[fromtheuk]

B.S. Dos. - I was stressed about this issue before I came to Korea.

I got a letter of residence from the tax people in the U.K. but I was told by my school I was automatically exempt from paying tax for the first 2 years I work in Korea.

Put simply, it meant I didn't need a letter of residency. My letter is at home with my parents. They received it after I arrived in Korea.