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Your Year-end tax settlement guide 2026 [PDF download] To start your year-end tax settlement in Korea, the very first thing you should do is to download ‘the PDF file’ from home tax. The PDF file shows information of all receipts,medical bills and other bills you paid in a year.​*If you don’t get this PDF file, you should collect all the receipts, medical bills and other bills by yourself​Almost all items are provided through this PDF file, but ther.. 더보기
Your 2026 January Tax schedule Nobody can deny that the most important tax schedule in January is VAT filing. The VAT return includes the company's revenues and costs and is reported to the tax office. This means that the company's revenues and costs are finalized. Once reported, it is difficult to correct these figures, so VAT filing is crucial.Unlike last October's VAT filing, which only corporation file their 3Q VAT and in.. 더보기
[2026 Changes] Why Your Take-Home Pay May Decrease In 2026, several changes will affect your monthly salary in Korea.For the first time in 20 years, the national pension contribution rate will increase. Health insurance premiums will also go up.The good news is that employment insurance and industrial accident compensation insurance rates will remain unchanged.1. Increase in Health Insurance RatesIn 2025, the health insurance contribution rate w.. 더보기
December 2025 Tax schedule If you own real estate in South Korea, you may be required to pay this tax. However, not all real estate is subject to the Comprehensive Real Estate Holding Tax. As the name suggests, this tax combines the value of all the realestate in Korea you own, and if the total exceeds a certain threshold, you must pay the tax.Although the rules are quite complex, to put it simply:If you own a house in Ko.. 더보기
November 2025 Tax schedule The main tax schedule for November is Interim individual income tax payment.It’s a prepayment of income tax that an individual business owner will pay in November this year, which will be credited toward the income tax due in May next year (for 2025 income, payable in May 2026).For example, if an individual business owner named Peter pays 5,000,000 KRW as interim tax in November 2025, and his fi.. 더보기
Ocotober 2025 Tax schedule This October 2025 comes with an unprecedentedly long holiday. From the 3rd to the 12th, including weekends, there will be a total of nine consecutive days off. If you’re from a European country, you might think it’s not a big deal — but for Koreans, it certainly is.For us as tax accountants, it’s particularly significant because the long holiday makes the tax filing deadlines quite tight. We app.. 더보기
Simplify Your Business Expense Management (2) : Way to get Cash receipt If you are only using a company credit card for your business purchase, you can skip this post. However, if you are paying in cash sometimes, transferring money through the bank system, or using a platform (e.g., Naver Pay), you should definitely check this post to reduce your taxes. 1]Only four kinds of receipts are recognized as proper receipts by law. There are four types of legally recognize.. 더보기
What will be the minimum wage in Korea for 2025? (How much should a company pay when hiring an employee at minimum wage? The minimum wage for 2025 has been set at 10,030 KRW ($7.30) per hour, exceeding 10,000 KRW for the first time. This represents a 1.7% increase from the minimum wage of 9,860 KRW in 2024. If you are an owner of the business it's not the happies news cause as minimum wage increased, the burden of salary and social insurance for employer's would be increased. when company hire an employee, company.. 더보기