PNR
13th April 2000, 06:05
Can anyone tell me what the taxation situation in Korea would be for a simulator instructor working about 18-20 days per month in country, but based elsewhere?
The taxation situation at home is taken care of, but what would be the obligation in Korea - if any?
Thanks in advance...
kimchitrader
17th April 2000, 19:56
Be careful with tax in Korea. I worked for a joint venture investment bank in Seoul before the crash. If u are a UK passport holder, ROK has a reciprocal tax arrangement. But u have to check each month to see if accounts are not milking a percentage (a well-known scam). You will be expected a pay various local taxes (education etc). Keep ALL rax receipts in case of trouble with employer/govt. Do NOT hire a local tax consultant, only a firm with foreign lawyers (Kim & Kim are usually good). Contact local embassy, US good UK sucks. If u are hired by KAL/Hanjin then u will be paying Korean tax. But if u are hired by a foreign company, then u have leeway. Try and get paid into an overseas account, pref in Hong Kong. Korean tax, like Korean law, is a matter of interpretation. However, Korea a great place, and Koreans a very good bunch of people.