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Payroll in Korea

[Payroll] Demystifying Payroll: The way of Calculating Employee Income Tax on Payslips If you are an employee working for a company, you will receive payment in the form of a salary from the company. (It's same even if you are a representative of a corporate!) And You can observe a few items that have been deducted from your contracted salary (gross salary), highlighted in red in the sections below. These factors can be quite frustrating as they result in a decrease in your gross .. 더보기
[Payroll]Withholding tax guide [G-tax guide book] Do your company have employees? than I'm sure your company pay salary to your employees. When you pay salary, you should pay 'net salary' which deducted taxes (if need, social insurances too) from salary not the total amounts of salary which is before tax. And deducted taxes should be paid to tax office. yes it means company pay employees taxes on behalf of them from their salary. we call this p.. 더보기
[Payroll] Discover the 4 Must-Know Social Insurances in Korea (National pension / Health insurance / Employement insuranceindustrial insurance) There are 4 kind of social insurance in Korea 1)National pension 2)Healthi insurance(long-term care insurance) 3)unemployment insurance 4)Indestrial accident insurance ​ 1.who is subjected to register National pension? National pension is a government-operated pension program in Korea that requires every citizen under the age of 60 who earns an income to register and contribute a portion of thei.. 더보기