“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

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 should we advise him? Also, does he qualify for foreigner 19% tax / how does … Read more

Part-timers usually do not pay any taxes.

Q: One of our part-timers, who is on an F visa, is asking for a raise because she said she’s having to pay too many taxes since she has a full-time job teaching at a university and another part-time job teaching yoga. (In my company, she is working as a part-time yoga instructor.) She only earns … Read more

Get help with Korean tax today.

Christie Lee and the friendly team at Hana Tax are ready to help local Koreans, expats and English speakers simplify their Korean accounting.