Korean taxes - private school teachers: Related taxes will be deducted from your monthly salary as per Korean law demands. Deductions will include income tax and possibly a resident tax - depending on the city or province you’re working in. Tax deductions typically equate to 4 - 7% of your monthly salary and the school will file your return; meaning, teachers don’t have to worry about filing with the Korean Revenue Service.
Korean taxes - public school teachers: Public school teachers are exempt from paying income tax in Korea as long as they submit a residency certificate to their respective school. Refer to the information below to find out where you can secure a residency certificate for the tax exemption. Note: Canadian and Irish teachers do NOT qualify for the tax exemption.
Do I have to pay taxes in my country of citizenship if I plan on sending money home from Korea? Some countries, such as Canada and the US, have certain tax exemption policies for people who register as a ‘Non-Resident’ before moving abroad. Please be advised: The Gone2Korea staffs are not tax professionals. We don’t know the tax policies for every country, state, province and territory; therefore, in order to learn more about tax related issues you’ll need to speak with a tax professional or your respective revenue service before departing.
