Year-end tax settlement in Korea for foreigners

Who This Is For

• You receive salary in Korea.
• Your employer asks for tax settlement documents.
• You need to understand Korean payroll and deductions.

Requirements Table

Identity records

Residence Card, name spelling, employer records, and payroll profile.

Income records

Salary, withholding, income statement, and relevant employer documents.

Deductions

Insurance, medical, education, dependents, rent, or other evidence only when applicable.

Step-by-Step Process

1. 1

   Ask HR for the timeline

   Confirm when documents are due and which forms your employer expects.

2. 2

   Review NTS guidance

   Use the English NTS resources to understand foreign-worker guidance and current manuals.

3. 3

   Collect evidence

   Gather payroll, insurance, deduction, family, and identity documents.

4. 4

   Submit through employer workflow

   Follow the employer process and save a copy of submitted documents.

5. 5

   Review final results

   Check refund or additional tax result and keep records for future visa, bank, or tax needs.

Common Mistakes

• Waiting until January deadlines.
• Assuming foreigner status removes filing obligations.
• Not keeping copies of submitted documents.

FAQ

Who handles year-end settlement?

Many employees submit documents through an employer workflow, but you still need to understand records, deadlines, and documents.

Where should foreigners verify tax guidance?

Use the National Tax Service English resources and employer instructions; tax treatment depends on individual facts.

What should I prepare before January?

Prepare Residence Card records, salary records, deduction evidence, insurance records, and any family or overseas documents your case requires.