3 Red Flags to the Korean Tax Office for Small Businesses in Korea, and How to Avoid Them

RED FLAG #1   What: Businesses showing constant deficits and not paying any tax for more than 1 or two years.   Why: Around the 1 or 2 year mark, the Korean Tax Office might consider that the startup phase … Read More

Tax saving tips (increasing your bottom line)

For the salary income earner, yearly salary income tax reconciliation (which is done by the company early next year) is one of the biggest financial events. The company handles the reconciliation, but the employee needs to provide their own deductions … Read More


  At SGC 9th floor (International seminar convention), my tax seminar was held. I was very happy to meet around 60 students of around 25 nationalities (according to SGC staff) Amazing! @ Students: Thanks again for actively participating in my … Read More

I am giving “Free Practical Tax Seminar at Seoul Global Business Center!

I am giving “Free Practical Tax Seminar” at Seoul Global Business Center!   Hi Friends Over a year, I received many questions when I will give next tax seminar and now I am very happy to share that I will … Read More

Can I get my VAT refund without a local company setup?

Q: We are a UK company looking for Korea VAT registration in our international trade business from Korea to Japan without forming a local company in Korea. We are trading raw materials for furniture mostly, used to through a Korean … Read More

“Kimchi Premium” again? (Korean for crypto assets have been visibly higher than prices on Western).

Since early this year I haven’t received many questions about cryptocurrency and Korean Taxes, but recently I am receiving a lot of questions again related to cryptocurrency-transaction-company-setup (or Korean capital gain tax reporting from the transactions). Are people expecting for … Read More

“Tax office processed 2018 income tax refund”

About a month ago (May31/2019), 2018 income tax return filing/payment was due. For the taxpayers who claimed for tax refund, tax office processed it, and also sent a short mail/email/text message. If you haven’t received the tax refund yet, please … Read More

Seoul city solar panels are far from meeting the expectation.

Seoul city solar panels are far from meeting the expectation. I am interested in renewable energy especially after the fine dust problem and faced the following news today. Need “100 years” to pay the installation cost of Solar panel in … Read More

FLAT TAX 19% is extended to the year 2021

FLAT TAX 19% is extended. 50% TAX CUT for foreign ENGINEERS is also extended. Q: Hi Christie Is 19% foreigner tax extended to 2019? A: Hi Daniel Tax revision for 2019 is finalized /announced at the end of 2018. Foreigner … Read More

Foreigner flat tax 19% is ending?

Q: Hi Christie We have a Canadian candidate looking to come to Korea to work for my company in Daegu. (Foreign Direct Investment corporation) He wants to receive KRW200m base AFTER tax is paid. He will also get a discretionary bonus. What … Read More