Daily Busan
Make sure to complete your Year-End Tax Settlement
source: www.nts.go.kr
Through the National Tax Service’s official English website, foreign employees can easily access streamlined information for the 2025 Year-End Tax Settlement. This settlement finalizes the total income tax owed for the previous year. If the amount withheld from an employee’s salary exceeds the actual tax liability, the difference is refunded. If it falls short, additional tax must be paid. Since the year-end tax settlement may be unfamiliar to many foreign workers, the NTS offers comprehensive guides and online reference materials.
An official English guide provides A-to-Z information about the settlement, while a detailed manual explaining the definitions and procedures is available in four languages: Korean, English, Chinese and Vietnamese.
To further assist foreign employees, an exclusive English-language hotline is available weekdays from 9 a.m. to 6 p.m.
For more details, please visit the NTS’s official English website. To ensure accurate results and to properly apply all available deductions, foreign employees are strongly encouraged to review the official materials and submit the necessary documents promptly.
※ National Tax Service
○ English website: Click
○ English-language hotline for foreign employees: 1588-0560
<Today's Vocabulary - 오늘의 단어>
streamlined: 간결한 exceed: 초과하다 liability: 부담 definition: 정의 procedure: 절차 promptly: 즉시
Editor: Song Soomi
Copy Editors: Ryu Hyoseung, Anton J. Mapoy