Tax & Accounting
Expert resources for navigating Korean tax regulations and accounting requirements for businesses
Korean Tax System
Understanding the key tax obligations for businesses operating in Korea
Progressive tax rates from 10% to 25% based on taxable income with various deductions and incentives
Standard 10% rate with registration required for businesses exceeding KRW 48 million in annual sales
Tax withheld from various payments including salaries, dividends, and payments to foreign entities
Tax Compliance Process
Comprehensive approach to Korean tax compliance and planning
Tax Structure Analysis
Analyze business structure and determine optimal tax strategy
Registration & Setup
Register for required taxes and set up accounting systems
Compliance Planning
Develop ongoing compliance calendar and procedures
Monthly Reporting
Prepare and file monthly VAT and withholding tax returns
Annual Filing
Complete annual corporate tax returns and financial statements
Ongoing Support
Provide continuous tax advisory and compliance support
Related Resources
Explore additional resources to support your business in Korea