In Korea, taxpayers are required to file and pay income tax on their global income by the designated due date for filing income tax returns. Additionally, residents with global income must make interim prepayments of income tax to the relevant authorities. In this blog post, we will explore the key aspects of income tax filing, interim prepayment, and the final return process for global income i..

In this blog post, we will delve into the concept of necessary expenses for business income in Korea. Understanding these expenses is crucial for businesses to accurately compute their taxable income. Let's explore the scope and categories of necessary expenses for business income. Scope of Necessary Expense Necessary expenses for business income encompass the total amount of expenditures incurr..