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Korean Taxes

Klemsen Consulting cannot prepare Korean Taxes, but I am delighted to recommend someone who can!

Kim Seung Hee, or Hera as she goes by in English, is a Korean tax professional. If you have Korean tax filing needs, she is currently taking new clients. I do not have a financial arrangement with Hera, and recommend her ONLY based on the quality of her work.

Contact her directly for questions about service. I have listed her rates below.

Tell her I sent you! She is fantastic, trusted, and will take excellent care of you. 

​Korean Tax Services and Fees:

1. Academy VAT-Exempt Business Status Report Filing Service: KRW 330,000 (including VAT)

 

2. Stock-Related Tax Filing Service (Comprehensive Income Tax for ESPP, RSU, Stok Options): KRW 330,000 (including VAT)

 

3. Comprehensive Income Tax Filing Service (Appendix 1)

 

4. Capital Gains Tax Filing Service (Appendix 2)

Appendix 1

Fees for simplified filers, based on revenue:

IF YOU MAKE ~24,000,000

150,000KRW

 IF YOU MAKE 24,000,000 ~ 48,000,000

200,000KRW

 IF YOU MAKE 48,000,000 ~ 75,000,000

250,000KRW

IF YOU MAKE 75,000,000 ~ 100,000,000

300,000KRW

100,000,000 ~ 150,000,000

350,000KRW

IF YOU MAKE 150,000,000 ~ 200,000,000

400,000KRW

Appendix 2

Fees for general tax payers, based on revenue:

IF YOU MAKE~24,000,000

250,000KRW

 IF YOU MAKE24,000,000 ~ 48,000,000

350,000KRW

 IF YOU MAKE48,000,000 ~ 75,000,000

500,000KRW

 IF YOU MAKE75,000,000 ~ 100,000,000

600,000KRW

IF YOU MAKE100,000,000 ~ 150,000,000

700,000KRW

IF YOU MAKE150,000,000 ~ 200,000,000

800,000KRW

***

Additional Notes:

1.10% VAT is charged separately. That is a tax paid to the government, and not a service fee. 

2.Additional fees apply for revenue exceeding 200 million KRW (to be discussed separately).

3.An additional charge of 150,000 KRW applies for financial income and dividend income

4.Additional fees may apply if other income needs to be included in the tax filing.

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