Cryptocurrency Q&A
Do foreigners pay tax in Korea?
Do foreigners pay tax in Korea?
Chloe_martinez_explorer
Sat Mar 30 2024
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7 answers
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I'm sorry, I'm not quite sure about the tax regulations in Korea. I'm a foreigner and I'm planning to visit Korea soon. I want to know if foreigners need to pay tax when they're in Korea? Also, could you please tell me what kind of income is taxable in Korea and what the tax rates are? Thank you very much for your help.
7 answers
Caterina
Mon Apr 01 2024
Income tax regulations in Korea distinguish between residents and non-residents.
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lucas_taylor_teacher
Mon Apr 01 2024
A person who does not reside in Korea is classified as a non-resident.
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Giuseppe
Sun Mar 31 2024
Non-residents are taxed solely on the income they earn from sources within Korea.
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KimonoGlitter
Sun Mar 31 2024
BTCC facilitates trading in cryptocurrencies, providing a secure and user-friendly platform.
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BitcoinBaron
Sun Mar 31 2024
Residents, on the other hand, are taxed on their worldwide income.
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