- Employees that are not related parties to their employers. An exception applies to companies that are authorized to receive tax incentives; and
- Employees for, only, a 5-year period.
Not happy news for many foreigners in Korea.
Sean Hayes may be contacted at: [email protected]
Sean Hayes is co-chair of the Korea Practice Team at IPG Legal. He is the first non-Korean attorney to have worked for the Korean court system (Constitutional Court of Korea) and one of the first non-Koreans to be a regular member of a Korean law faculty. He has, recently, been ranked as one of only two non-Korean attorneys as a Top Attorney working in Korea by AsiaLaw.
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- Accounting & Tax Consulting Services in Korea: JZ Associates
- Korean Tax Risk of Foreign Corporation Deemed “Actual Business Management Locale” within Korea: Korea Tax Law Basics
- Filing your U.S. Taxes as an Expat in Korea: Foreign Earned Income Tax Exclusion
- Korean Tax Incentives for 2020: Korean Tax Law Updates
- Tax Audits in Korea
- Can a Foreign Company be Deemed a Domestic Company for Tax Purposes and Taxed on Worldwide Income?
- Korea’s Real Name Transaction Act Strengthened: Korea’s Banking Law Basics
- Tax Liability of Controlling Shareholders in a Korean Company: Tax Law Updates
- Tax Breaks for Korean Landlords: Real Estate Taxation Basics