RANTING/VENTING MEGATHREAD 3.0

Maybe they are getting you to sign a paper that says it is okay for them to get the information for you. If it is taxes, you will have to sign in using your bank special certificate. Then you just print out the pages with all the info. Weird they would be doing it already. Usually the end of Feb.

Maybe they are getting you to sign a paper that says it is okay for them to get the information for you. If it is taxes, you will have to sign in using your bank special certificate. Then you just print out the pages with all the info. Weird they would be doing it already. Usually the end of Feb.

Yea.. I was thinking "wait a sec. it's Jan."  either way, it's a claim form and I have nothing to claim minus taxes.  I was told they would take care of the rest (income, taxes etc)  so yay, I think.   

But, you'll want to have the form printed out for the taxes.  In Korea all the times you used your bank card for shopping is totalled up as is any medical costs and will help reduce your tax bill.  Don't be surprised when you owe more money.  The form you get through the digital certificate helps defray that cost.  I only had to pay an extra 40 something last year.  That was lower than quite a few others I know.  You want that paper unless you've never gone to a doctor or use cash exclusively. 

But, you'll want to have the form printed out for the taxes.  In Korea all the times you used your bank card for shopping is totalled up as is any medical costs and will help reduce your tax bill.  Don't be surprised when you owe more money.  The form you get through the digital certificate helps defray that cost.  I only had to pay an extra 40 something last year.  That was lower than quite a few others I know.  You want that paper unless you've never gone to a doctor or use cash exclusively.

From what I was reading on the form, unless I spent over a certain amount on my debit (bank card) there is nothing for me to claim.  Only time I really used my card was for groceries and it wasn't all that much.  I also used my bank card to pay for the prescriptions I was given when I had flu, which was a whopping 9,000 won.  I paid cash at the clinic.  98% of the time I used cash. (gas for the car, entertainment, lots and lots of coffee...) So unless the PoE hasn't been paying my taxes correctly, I don't see how I would owe anything.  And if I do, then I'll pay it. 

It has nothing to do with someone not paying your taxes correctly, although that would obviously be a problem.  Over the last several years they do a final assessment and your average teacher will owe.  It's not uncommon for the bill to run into the hundreds of thousands, even if you paid properly each and every month.  Doesn't cost anything to do the digital certificate but if don't think it will affect anything I suppose you don't have to go to the minimal bother of getting it. 

It has nothing to do with someone not paying your taxes correctly, although that would obviously be a problem.  Over the last several years they do a final assessment and your average teacher will owe.  It's not uncommon for the bill to run into the hundreds of thousands, even if you paid properly each and every month.  Doesn't cost anything to do the digital certificate but if don't think it will affect anything I suppose you don't have to go to the minimal bother of getting it.

Side question to this: If you are an American and filled the 8802 form to not pay double taxes, does this apply to you? Since I'm technically paying "American taxes" will I need to submit this information? I've been to the doctor a few times and always use my card when purchasing.

I'm not American so I won't add to any confusion on that count.  I would assume it wouldn't apply to you in that instance but wait for some fellow Americans to weigh in. 

But, you'll want to have the form printed out for the taxes.  In Korea all the times you used your bank card for shopping is totalled up as is any medical costs and will help reduce your tax bill.  Don't be surprised when you owe more money.  The form you get through the digital certificate helps defray that cost.  I only had to pay an extra 40 something last year.  That was lower than quite a few others I know.  You want that paper unless you've never gone to a doctor or use cash exclusively.

Just curious, does a Korean Credit Card count as the bank card for taxes, or is it strictly the bank card? :o
(My Korean CC is with lotte, but connected to my bank (I think) and have mostly been using that for the perks / points instead of my regular atm card).

But, you'll want to have the form printed out for the taxes.  In Korea all the times you used your bank card for shopping is totalled up as is any medical costs and will help reduce your tax bill.  Don't be surprised when you owe more money.  The form you get through the digital certificate helps defray that cost.  I only had to pay an extra 40 something last year.  That was lower than quite a few others I know.  You want that paper unless you've never gone to a doctor or use cash exclusively.

Just curious, does a Korean Credit Card count as the bank card for taxes, or is it strictly the bank card? :o
(My Korean CC is with lotte, but connected to my bank (I think) and have mostly been using that for the perks / points instead of my regular atm card).

Both count, but I think the rates are different.

But, you'll want to have the form printed out for the taxes.  In Korea all the times you used your bank card for shopping is totalled up as is any medical costs and will help reduce your tax bill.  Don't be surprised when you owe more money.  The form you get through the digital certificate helps defray that cost.  I only had to pay an extra 40 something last year.  That was lower than quite a few others I know.  You want that paper unless you've never gone to a doctor or use cash exclusively.

Just curious, does a Korean Credit Card count as the bank card for taxes, or is it strictly the bank card? :o
(My Korean CC is with lotte, but connected to my bank (I think) and have mostly been using that for the perks / points instead of my regular atm card).

Both count, but I think the rates are different.

For the bank card, it's around 7M won to get all of the tax perks, if I remember correctly.
Do you know, roughly, what it is for the cred card?

But, you'll want to have the form printed out for the taxes.  In Korea all the times you used your bank card for shopping is totalled up as is any medical costs and will help reduce your tax bill.  Don't be surprised when you owe more money.  The form you get through the digital certificate helps defray that cost.  I only had to pay an extra 40 something last year.  That was lower than quite a few others I know.  You want that paper unless you've never gone to a doctor or use cash exclusively.

Just curious, does a Korean Credit Card count as the bank card for taxes, or is it strictly the bank card? :o
(My Korean CC is with lotte, but connected to my bank (I think) and have mostly been using that for the perks / points instead of my regular atm card).

Both count, but I think the rates are different.

For the bank card, it's around 7M won to get all of the tax perks, if I remember correctly.
Do you know, roughly, what it is for the cred card?

I don't remember. The idea is to minimize cash transactions (i.e. not traceable by the tax man).

Maybe they are getting you to sign a paper that says it is okay for them to get the information for you. If it is taxes, you will have to sign in using your bank special certificate. Then you just print out the pages with all the info. Weird they would be doing it already. Usually the end of Feb.

Some Korean jobs/employers start doing it (filing tax forms/paperwork) early, i.e., in January. My current employer always has all of the employees (i.e., me and my co-workers) do/finish/submit our tax forms/paperwork before the end of January, even though the tax office's actual deadline for submitting tax forms/paperwork is in February.

Side question to this: If you are an American and filled the 8802 form to not pay double taxes, does this apply to you? Since I'm technically paying "American taxes" will I need to submit this information? I've been to the doctor a few times and always use my card when purchasing.

You mean, you're paying taxes both in the U.S. and in Korea...? Or, you're paying taxes in the U.S. but not in Korea...? I mean, I know you wrote "to not pay double taxes," but I guess I'm confused why you would have to pay taxes in the U.S. and not in Korea (assuming that you are working in Korea and earning a taxable income in Korea)?

So sitting here desk warming when Admin comes in with some forms I need to fill out (Repot of Deduction)  Okay easy... NOT!  I have ZERO idea what it is that I'm supposed to do with this.  Name (easy) ARN (easy) the rest... NO EFF'ING IDEA!  I've never asked for a paystub but know what I make because it's in my account every month.  Are they paying taxes?  Yes, it reflects in my account.  I have nothing to claim, other than income, but stupid me, thought that the school or the PoE would take care of this for me.  I don't even know how to get this information for my pay.  If some one gives me the NIES (or whatever the site name) don't.  I've tried since day one to access that site and it's going on a year and I still can't log in. 

My main Teacher isn't here, of course... so no help there.  I wish they would have given me this paper work to do while my teachers were around, so in case I needed help....    

Oh! and he needs me to return it to him today... FML

In a simple manner:

You have a tax threshold set by the state.  They estimate how much of this will be given via income tax, and how much will come from sales taxes.  At the end of the year they look at how much you have paid, and either take the shortfall from your pay, or refund the excess.  If you declare all your spending (credit/debit car payments or use a tax receipt when paying cash), then they can see how much sales tax you have paid, and will likely have some tax refunded.  Medical costs are also exempt if they come to 3% or more of your salary.

There is more to it than this, but this is just the basics.  If you have bought a lot of things, you may be in line for a refund.  Get a digital banking certificate, and it will make the process much easier.

Side question to this: If you are an American and filled the 8802 form to not pay double taxes, does this apply to you? Since I'm technically paying "American taxes" will I need to submit this information? I've been to the doctor a few times and always use my card when purchasing.

You mean, you're paying taxes both in the U.S. and in Korea...? Or, you're paying taxes in the U.S. but not in Korea...? I mean, I know you wrote "to not pay double taxes," but I guess I'm confused why you would have to pay taxes in the U.S. and not in Korea (assuming that you are working in Korea and earning a taxable income in Korea)?

"Purpose of Form: Form 8802 is used to request Form 6166, a letter of U.S. residency certification for purposes of claiming benefits under an income tax treaty or VAT exemption."

Basically you don't pay Korean taxes because you are exempt and you pay taxes to the United States (which ends up being nothing / very small  since we don't make enough in Korea). This is to my understanding. It's my first year here, so my explanation may not be accurate. If you're not American or from a country that has a tax treaty with Korea, this doesn't apply to you. Even though I submitted form 6166, I still believe I have to file some sort of paperwork within Korea, right? Do I also have to submit paperwork? That's my question. I'm asking because my school sometimes waits until last minute and I don't want to be rushing to find paperwork.

So sitting here desk warming when Admin comes in with some forms I need to fill out (Repot of Deduction)  Okay easy... NOT!  I have ZERO idea what it is that I'm supposed to do with this.  Name (easy) ARN (easy) the rest... NO EFF'ING IDEA!  I've never asked for a paystub but know what I make because it's in my account every month.  Are they paying taxes?  Yes, it reflects in my account.  I have nothing to claim, other than income, but stupid me, thought that the school or the PoE would take care of this for me.  I don't even know how to get this information for my pay.  If some one gives me the NIES (or whatever the site name) don't.  I've tried since day one to access that site and it's going on a year and I still can't log in. 

My main Teacher isn't here, of course... so no help there.  I wish they would have given me this paper work to do while my teachers were around, so in case I needed help....    

Oh! and he needs me to return it to him today... FML

In a simple manner:

You have a tax threshold set by the state.  They estimate how much of this will be given via income tax, and how much will come from sales taxes.  At the end of the year they look at how much you have paid, and either take the shortfall from your pay, or refund the excess.  If you declare all your spending (credit/debit car payments or use a tax receipt when paying cash), then they can see how much sales tax you have paid, and will likely have some tax refunded.  Medical costs are also exempt if they come to 3% or more of your salary.

There is more to it than this, but this is just the basics.  If you have bought a lot of things, you may be in line for a refund.  Get a digital banking certificate, and it will make the process much easier.

You can use that digital Certificate on the 15th of Jan to DL all your information at www. hometax.go.kr

not really a rant but probably not deserving of having its own post.  that legal group loft doesn't seem very helpful except to say, call 1345 lately.  im pretty sure the reason people post there is because they are looking to others to guide them and help them out immediately.  and it doesn't help that everyone repeats that calling 1345 can be a colossal waste of time. 

an example of this is where some kid asked about the vacation days applying to private academies.  instead of someone just saying yes or no, some people spent time to actually write out the phone number and website until some kind soul actually answered his question.  even then that question didn't cite the law, just what they remembered from it. 

idk.  i know most people on there aren't lawyers and basically have the same knowledge most us do after researching  things, but if you know the answer i don't see why they just can't answer it. 

idk.  i know most people on there aren't lawyers and basically have the same knowledge most us do after researching  things, but if you know the answer i don't see why they just can't answer it.

Literally one of my biggest pet peeves.

A: "What is this?"

B: "Why don't you look it up? You have internet."

 

idk.  i know most people on there aren't lawyers and basically have the same knowledge most us do after researching  things, but if you know the answer i don't see why they just can't answer it.

Literally one of my biggest pet peeves.

A: "What is this?"

B: "Why don't you look it up? You have internet."

 

thank you!  i knew i couldn't be the only seeing that. 
i don't care if they people answer saying "we don't care about your feelings"  i get that some people get pissy when they don't hear an answer they don't like.  i just don't get how a question like "do this apply to this?"  is met with "go find out for yourself" 

"Purpose of Form: Form 8802 is used to request Form 6166, a letter of U.S. residency certification for purposes of claiming benefits under an income tax treaty or VAT exemption."

Basically you don't pay Korean taxes because you are exempt and you pay taxes to the United States (which ends up being nothing / very small  since we don't make enough in Korea). This is to my understanding. It's my first year here, so my explanation may not be accurate. If you're not American or from a country that has a tax treaty with Korea, this doesn't apply to you. Even though I submitted form 6166, I still believe I have to file some sort of paperwork within Korea, right? Do I also have to submit paperwork? That's my question. I'm asking because my school sometimes waits until last minute and I don't want to be rushing to find paperwork.

Oh, I see now -- you're in your first year working in Korea, so you are exempt from paying taxes in Korea during your first 2 years of working in Korea (since you are a U.S. citizen). I've been working in Korea for many years now, so I do pay taxes in Korea.

As for your questions, I'm not sure -- when I used to work public schools jobs in Korea, I think the administration office at my schools would take care of filing the Korean tax forms/paperwork for me, so I don't think I had to submit/give them anything, but I suppose you could ask your co-teacher to ask your school's administration office to make sure/confirm whether you need to submit any paperwork for Korean tax stuff.