South Korea Tax Agency Issues 2025 Global Income Tax Filing Guide for Foreigners

The South Korean National Tax Service April 30 issued the 2025 global income tax filing guide for foreigners, in English, Chinese, Korean, and Vietnamese. Topics covered include: 1) the May 1 to June 1 period for foreigners in the country to file global income tax returns for tax year 2025 on income from specified South Korean sources; 2) the type of income covered by the global return, such as salary, interest, business, and dividend income; 3) the requirement to file the return, regardless of ceasing business or having a tax year 2025 loss or zero balance; 4) the completion of ...