There are different types of taxes in South Korea: income tax, corporate tax, and value-added tax. Good to know: South Korea has signed a tax treaty with several countries to avoid double taxation. Find more information about the National Tax Service website. Income tax.

There are specific rules for payroll and taxation in South Korea, depending upon the number of employees. Foreign employees are required to pay income tax in South Korea.
If the foreign corporation has no PE in Korea, it will be subject to tax on its Korean-source income on a withholding basis in accordance with the tax laws and the relevant tax treaty, if applicable.
Korean Tax Rates. The top personal tax rate in Korea is 42% (including a local income tax corresponding to 10% of the personal income tax due), and this rate applies to taxable income in excess of KRW 500 million. However, expatriates can elect to apply a 19% flat tax rate to total Korea-sourced employment income.
Foreign employees or executive officers who start to work in Korea before 31 December 2023 may elect to apply for the flat tax rate of 20.9% (including the local income tax surcharge of 1.9%) for five consecutive tax years, without deductions (non-taxation, tax deductions, tax reductions/exemptions, and tax credits are forfeited).
Individual - Taxes on personal income. Last reviewed - 06 July 2023. A taxpayer in Korea, who is liable to pay the income tax on their income, is classified into resident and non-resident for income tax purposes ( see the Residence section for more information ). A resident is subject to income tax on all incomes derived from sources both
국세청영문. Help Line. News. 09 MAY Guide to Filing 2022 Global Income Tax Return (English, Chinese, Vietnamese) National Tax Service (NTS) of Korea holds Korea - Vietnam, Korea - Cambodia Bilateral Commissioners' Meetings 12.08.2022.
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    • paying taxes in korea