J&J Korea
Taxation in Korea 2022
Taxes in Korea are divided into national taxes imposed and collected by the central government and local taxes imposed and collected by...
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J&J Korea
Jan 21, 20221 min read
Payroll practice 2022: Withholding tax in South Korea
Taxpayer and Taxable Income The worker who is paid for providing work or service is a taxpayer and the relevant tax (payment, bonus) is...
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J&J Korea
Jan 18, 20221 min read
Tax Tip: Year-end Tax Settlement in South Korea
What is Year-end tax settlement? Year-end tax settlement is a process of finalizing the total amount of income tax to be earned by an...
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J&J Korea
Jan 17, 20221 min read
Basic Guide to Corporate Income Tax in South Korea
Corporate tax is an income tax imposed on corporations. Taxpayer and Taxable Income Domestic corporations and foreign corporations who...
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J&J Korea
Jan 13, 20222 min read
VAT Rate 2022: Are Korea VAT rates increasing this year?
Value Added Tax (VAT) is a tax that is reported and paid for added value acquired in the process of providing goods and services* and...
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J&J Korea
Jan 5, 20221 min read
Obligation to Issue a Tax Invoice
All corporations must issue a tax invoice when supplying goods or services, which can be issued through Hometax; a website of the NTS.
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