Busan is good

NTS published < Easy Guide for Foreigners' Year-end Tax Settlement >

Contents

□ NTS (Commissioner Yong-Sup Lee) published 「Easy Guide for Foreigners' Year-end Tax Settlement」to help foreigners' year-end tax settlement.

 

 ○ This book has the way and examples of year-end tax settlement, sample questions & answers using 「help-line for foreign taxpayers」, and the tax-assistance and special taxation treatment for foreign employees.

 

 ○ The guidebook will be distributed to foreign embassies, foreign chambers of commerce in Korea, Class B taxpayers associations, tax agents and taxpayer service divisions of tax office. You may also download the contents of the book at our web-site. 

 

 

□ NTS also provides 「Help-line for foreign taxpayers」 to answer questions from foreigners and 「Automatic Calculation Service for Year-end Tax Settlement」which shows payable/refundable tax when you input your employment income and related information on deductions into the program.

 

 

□ By the revision of law, the range of deductions has been increased and the special taxation treatment for foreign employees has been simplified.

 

 ○ Foreign employee may choose (1) non-taxation of 30% of total wage & salary income or (2) separation taxation of wage & salary income with 17% flat rate when you file a year-end tax settlement.

 

 

□ Related informations for foreigners' year-end tax settlement

 

  ○ Help-line for foreign taxpayers: 02-397-1440  (NTS),

                                    02-2076-5711 (Seoul Regional Tax Office)

 

  ○ NTS English Web-site : www.nts.go.kr/eng

   - Download 「Easy Guide for Foreigners' Year-end Tax Settlement」

   - Go to 「Automatic Calculation Service for Year-end Tax Settlement」

   - Download Tax Forms

-        Go to 「Q&A by Email」, 「Foreign Taxpayer Advocat e」