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 (to maximize the refund). Recently the government portal Hometax (www.hometax.go.kr) released 2019 tax reconciliation calculator, … 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 “Kimchi Premium” again? (Special Korean phenomenon where the local prices for crypto assets have been … 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 check what is going on (Maybe incorrect bank account is shown on your return etc.) … Read more