tax in korea 썸네일형 리스트형 Korea’s Annual Leave Rules: What Every Employer Must Know Annual leave is a legally guaranteed off day for employees. Similar to other countries, Korea also has an annual leave system. Some parts may be similar to what you have in your home country, while others may be different.Let’s take a look at the basic concept of annual leave in Korea. ①15days of annual leaveEmployees who have worked at least 80% of the working days in a year are entitled to 15 .. 더보기 Severance payment in Korea Severance payment, also called retirement benefit or separation pay, refers to the money a company pays an employee as compensation for their period of service when the employee leaves the company. This system is common not only in Korea but also in other countries, although the details may differ.In Korea, the basic rule for severance payment is that an employee must have worked for at least on.. 더보기 What's new on 2026 tax law in Korea? The Korean government has announced tax law updates for next year. As this announcement serves as a guideline, it does not constitute confirmed tax law. Some provisions will be confirmed next year through updated legal clauses, while others may be deleted or changed.The government announcement includes many items, but here we introduce three important updates that you should be aware of. ①CIT ra.. 더보기 Donations can cut your company tax. A donation, in tax terms, refers to giving money or goods to entities that are unrelated to a company's business. Companies often make donations as a way to share their profits with society, helping to create a more livable community.Naturally, there are tax benefits for these donations, as governments encourage companies to contribute to the public good.However, to prevent misuse of the tax ben.. 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 이전 1 다음
