Wednesday, January 13, 2016

Guide to Year-end Tax Settlement for Foreigners in Korea

NTS Guide to Year-end Tax Settlement for Foreigners in Korea
Guide to Year-end Tax Settlement for Foreigners in Korea

It's time for income TAX refund


The National Tax Service(NTS) of Korea released 'Guide to the 2015 Year-end Tax Settlement for Foreigners' on December, 2015. This guide is prepared for both Korean employer and Foreign employee.


Easy Guide to the 2015 Year-end Tax Settlement for Foreigners
Download 1
Click to get:
Easy Guide to the 2015 Year-end Tax Settlement for Foreigners.
(PDF 19.1 MB, Total 189 pages with cover, duplicated English/Korean)



"NTS seeks to be more responsive to foreign taxpayers' question to help make their fulfillment of Korean tax obligations an easier task. For prompt answers, questions may be placed through the NTS English website (at www.nts.go.kr/eng) or the NTS English Assistance Hotline(at 1588-0560)."

Although NTS titled 'Easy guide', but Year-end Tax Settlement in Korea is considered somewhat too complicated even for the Koreans. Because of there's some frequent changes every year.

If you want to know more details and fundamental of Korean tax system, please refer to the NTS Tax Guide released on November 2012.


NTS Tax Guide for Foreigners 2012 version
Download 2
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NTS Tax Guide for Foreigners 2012 version.
(PDF 7.0 MB, Total 323 pages with cover, duplicated English/Korean)



On January 12th, 2016, NTS released a press note summarizing key factors of Year-end Tax Settlement for Foreigners. This is only 20 pages. If you have some trouble to read hundred pages above, please see this press release at least.


NTS Press release Jan-2016
Download 3
Click to get:
NTS Press release Jan-2016.
(PDF 0.5 MB, Total 20 pages with cover, English)




Disclaimer: This page is no relation with NTS official. We recommend you to visit NTS official website as well: http://www.nts.go.kr/eng (English page)