Tax & Accounting
세금·회계 — Corporate tax obligations for foreign business owners in Korea.
Corporate Tax
Korean corporate tax rates: 9% on first ₩200M, 19% on ₩200M-20B, 21% on ₩20B-300B, and 24% above ₩300B.
VAT
Standard VAT rate is 10%. VAT returns are filed quarterly (Jan 25, Apr 25, Jul 25, Oct 25). You must issue tax invoices for all B2B transactions.
Personal Income Tax
As a company director, your salary is subject to personal income tax. Foreign residents pay on worldwide income after 5 years of Korean tax residency.
Recommended
Hiring a Korean CPA or tax accountant is strongly recommended. Monthly accounting fees typically range from ₩200,000-500,000 for small businesses.
This guide is for informational purposes only and does not constitute legal advice. Immigration requirements change frequently. Always consult with a licensed immigration attorney for your specific situation.