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Showing posts with the label withholding tax

Do You Know the Water Deer of Korea?

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AI-generated image depicting a Korean water deer, a wild animal native to Korea, in a natural Korean woodland setting. A Unique Mammal in the Deer Family Hello, dear readers! It has been a while since my last post. Today, I would like to introduce you to an animal that is very common in Korea but surprisingly rare from a global perspective: the Korean water deer. 1. What Kind of Animal Is the Water Deer? When talking about the mountains, fields, and natural landscapes of Korea, one wild animal that cannot be left out is the water deer. The water deer is a mammal belonging to the deer family, and its scientific name is Hydropotes inermis. It is commonly known in English as the Water Deer . The water deer is a very familiar animal in Korea. It is often found in agricultural fields, along streams, and in areas where mountains and open fields meet. Occasionally, it can even be seen in green spaces around cities. But there is an interesting fact about this animal. Although water deer are co...

Essential Tax System for Starting a Business in Korea

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An employee calculating figures for tax payment processing Introduction: Dear Readers, greetings! Today, we will take some time to introduce Korea’s tax laws. This guide is particularly designed to be as clear as possible for foreigners who are currently running a business in Korea or planning to start one in the near future. Korea’s tax laws and systems are far from simple. There are various types of taxes, and the regulations often change due to shifts in economic conditions and policy considerations. Therefore, it is always necessary to stay up to date. Let us begin. 1) Obtaining a Business Registration Certificate In Korea, even to start a small-scale business, one must apply for and obtain a business registration certificate. Applications are submitted to the district tax office that has jurisdiction over the business address. Usually, it takes about two to three days to receive the certificate, and in some cases, it may be issued on the same day. However, if the required doc...