South Korea Tax Agency Issues 2023 Global Income Tax Filing Guide for Foreigners

The South Korean National Tax Service May 3 issued the 2023 global income tax filing guide for foreigners in English, Chinese, Korean, and Vietnamese. Topics covered include: 1) the May 1-31 period for the filing of global income tax returns for foreigners for the tax year 2023; 2) categories of taxable global income; 3) the requirement for all taxpayers to file their returns; 4) allowing the completion of a tax settlement through the payment of taxes or receipt of refunds for employees that failed to settle year-end taxes in February due to specified reasons; 5) the option for taxpayers to ...