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Number of Foreigners Filing Taxes in S. Korea Down for 2021 Income amid Pandemic

SEOUL, Jan. 18 (Korea Bizwire) — The number of foreign workers filing taxes in South Korea for 2021 income fell 7.3 percent from a year earlier, data showed Wednesday, amid the restricted travel following the COVID-19 pandemic. A total of 505,000 foreign workers filed a year-end tax settlement for their 2021 income, down from 545,000 [...]

Foreigners Baffled by Complex Process for Year-end Tax Settlement

SEOUL, Jan. 30 (Korea Bizwire) — At the beginning of each year, a growing number of foreign migrant workers in South Korea are confused and frustrated by the mandatory task of the year-end tax settlement. Under the regulations of the National Tax Service (NTS), all South Korean salaried employees are obliged to file a year-end [...]