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FAQ

Would you please briefly explain year-end tax settlement for Class A?

  • Poster 운영자
  • Date2020.11.11.
  • Read133

Basic income tax rate is from 8 to 35% but monthly withholding tax amount is calculated by the "Simplified Tax Withholding Table" presented on Tax Publications of our website. Withholding agent(employer) should withhold and pay monthly income tax to the district tax office and file year-end tax settlement which will finalize your tax liability in Korea by the end of January or the month you retire. Once that is done, withholding agent should issue to you the Receipt for Withholding Taxes that show your income and taxes paid.



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