Tax flow (Only Class ‘B’)
1. Joining the GTA
You submit GTA application form with a copy of your alien registration card.
If you are married, a copy of marriage cert. and child's birth cert. are required.
To prove your Salary amount, salary statement such as pay-slip or contract is required.
2. Issuing a tax invoice
GTA e-mail you monthly tax invoice between 15th and 25th of every month.
3. Tax Payments and Report
You pay the tax to GTA by the end of every month. GTA reports and pays it to the Korean tax authority. GTA issues the monthly receipts and send them to you. To get the '5% taxpayers association deduction' the monthly income tax has to be paid by the end of each month.
4. Year-end Settlement (=Final Tax Return)
A. In the following January, the class 'B' income tax should be recalculated based on the finalized annual salary and exchange rate. Therefore, the final tax amount can be different from the paid tax.
B.All deduction items such as Medical, Education, Usage of credit card can be reflected.
5. Issuing the Certificates of the Full Payment.
After the final tax return, the Certificates of the Full Payment will be issued and sent. The paid Tax in Korea can After the final tax return, the Certificates of the Full Payment will be issued and sent. The paid Tax in Korea can be exempted or deducted from payable tax in your country. However, if you return to your country before the final tax return period, we will issue the Certificates of the Full Payment before you depart for your country.
※ GTA service charges are as follows.
Monthly Tax : KRW 30,000 / person
Final Tax Return: KRW 20,000 / person (once a year)