Your Korean Withholding Tax Receipt, Explained
Five numbers and one minus sign decide whether you are owed a refund. And the item numbers every guide online tells you to look at have changed.
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Business & Tax
Registering a sole proprietorship or corporation in Korea, and the taxes that come with it.
Leaving Korea: Tax, Pension and What You Are Owed
Your departure date is not the end of this. Some of it is due the day before you fly, and some of it lands months after you have gone.
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Year-End Settlement for Foreign Employees
There is no foreign deduction table. Residence decides most of it — and the old rule that foreigners cannot claim housing stopped being true in 2021.
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The 19% Flat Rate: When It Beats the Brackets
The crossover is nowhere near where it is usually quoted. Modelled on a single filer it sits around ₩135m — and every deduction pushes it higher.
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Income Tax for Foreigners: Resident or Not
Your visa does not decide this and neither does your passport. Residence for tax is a question about your life, and it sets what Korea taxes at all.
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Korean VAT for Small Business Owners
The ₩104M simplified threshold, why the lower rate can cost more than it saves, and the ₩48M line that exempts the payment but never the filing.
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Registering a Business Credit Card on Hometax
It collects data, it does not create deductions. The 50-card limit, what it will not accept, and why the tax office’s pre-classification is not the answer.
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Sole Proprietor vs Corporation in Korea for Foreigners
Korea raised corporate tax rates in 2026. Which structure is cheaper depends less on the rate than on how much profit you take out — and on your visa.
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Freelancing in Korea Legally: The 3.3% System
The 3.3% withholding is a tax prepayment, not a work permit. Visa-by-visa freelance rules, May filing math, expense rules, and when to register.
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Registering a Business in Korea as a Foreigner
Visa permission comes before tax registration: D-8/D-9 investment thresholds, sole proprietor vs corporation, bank AML hurdles, and business credit.
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