본문 바로가기

tax

[Tax benefit]Tax Benefits Available to SMEs (Small and Medium Enterprises) - Part 1 (Tax Credits for Enterprise Job Growth) Did you know that there are tax credits you can get when you hire employees? These tax credits are known as 'tax credits for enterprises increasing jobs.' They are part of a government policy aimed at boosting job creation and reducing unemployment rates. The tax credit amounts can be substantial, but it's important to consider both the advantages and disadvantages of this tax credit. 1.Your tot.. 더보기
[Corporation set up] What are the differences between corporate and individual businesses in Korea? - 3 (Representative's salary) If you're considering launching a business in Korea, the initial step you'll want to take is obtaining a business license in Korea. We can categorize business licenses into two types: individual business licenses and corporate business licenses. There are significant differences to consider, particularly in the representative'ss salary. Today, I'll provide an explanation of these aspects. 1)As a.. 더보기
[Corporation set up] procedures you should complete after obtaining your business license in Korea Once you have successfully obtained your business license in Korea, there are additional steps you should follow to ensure your business is compliant and fully operational. Here's a step-by-step guide to these post-licensing procedures: 1.Obtain Digital certificates. In Korea, digital certificates are crucial for your business operations. Nearly every procedure you undertake for your business wi.. 더보기
[Corporation set up] What are the differences between corporate and individual businesses in Korea? - 2(preparation for setup) If you're considering launching a business in Korea, the initial step you'll want to take is obtaining a business license in Korea. We can categorize business licenses into two types: individual business licenses and corporate business licenses. There are significant differences to consider, particularly when setting up for the first time. Today, I'll provide an explanation of these aspects. Pro.. 더보기
[Corporation set up] What are the differences between corporate and individual businesses in Korea? - 1 (Tax schedule and tax rate) If you're considering launching a business in Korea, the initial step you'll want to take is obtaining a business license in Korea. We can categorize business licenses into two types: individual business licenses and corporate business licenses. There are significant differences to consider, particularly in the tax schedule and tax rates. Today, I'll provide an explanation of these aspects. Indi.. 더보기
[Payroll] Reducing Your Income Tax with Non-Taxable Salary When you receive a salary from a company, it typically comes with taxes and four social insurance contributions that reduce your net income as your salary increases. However, there are a few salary components classified as non-taxable under the Income Tax Law. These items are exempt from both taxes and social insurance deductions. Today, I will explain three such non-taxable items and the condit.. 더보기
[VAT]Corrected Tax Invoice issuance: A Step-by-Step Guide with Screenshots In our previous post, we discussed how to make corrections to a tax invoice that has already been issued forvarious reasons such as transaction cancellations, product or service returns, or errors in the invoice information. [VAT] Are you familiar with the concept of a 'Corrected Tax Invoice'? Have you come across the concept of a 'Corrected Tax Invoice'? A Corrected Tax Invoice is a type of inv.. 더보기
[VAT] Are you familiar with the concept of a 'Corrected Tax Invoice'? Have you come across the concept of a 'Corrected Tax Invoice'? A Corrected Tax Invoice is a type of invoice used to rectify errors or amend details on a previously issued tax invoice, primarily due to inaccuracies in the initial tax invoice or changes in the terms of a transaction with your clients. For instance, if you have issued a tax invoice to a client for a sale, but circumstances arise th.. 더보기