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Cert of residency
« 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?


  • bawaugh
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Re: Cert of residency
« Reply #1 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.  :(
PV=nRT

Where
P is pressure
V is volume
n is number of moles
R is the gas constant
T is the temperature


Re: Cert of residency
« Reply #2 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 :)