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Career Venue => Contract, and Job Related Issues => Topic started by: natebear on August 02, 2012, 10:32:41 pm

Title: Cert of residency
Post by: natebear on August 02, 2012, 10:32:41 pm
Does everyone usually prepare this when they go teaching in Korea? Apparently it says in the contract you get tax deducted if you bring a certificate of residency (from abroad) with you.

Is the amount saved really that big a difference?
Title: Re: Cert of residency
Post by: bawaugh on August 02, 2012, 10:41:43 pm
While Korea is a low tax country, it is not a no tax country, it all adds up. I don't know how much tax I pay as it is all handled by the administration office.
 
If you can get this, get this as this will reduce your tax.
 
Sadly I can not get one of these as I was not living in NZ long enough before I went to Korea.  :(
Title: Re: Cert of residency
Post by: 83travelinman on August 03, 2012, 08:33:32 am
While Korea is a low tax country, it is not a no tax country, it all adds up. I don't know how much tax I pay as it is all handled by the administration office.


Yeah, get it if you can. I would say the tax (on a regular EPIK job), is not huge each time, but it adds up. Plus, if you are a US citizen, you won't have to pay any taxes there (up to 80,000 USD) or here. That will help you save even more money!--if that's why you're here :)