Taxation of international executives
Are there special residency considerations for short-term assignments?
Short-term assignees that stay in Korea for less than one year are considered non-residents.In general, a foreigner working in Korea is subject to Korean tax regardless of the duration of his/her assignment. However, if he/she will stay in Korea for six months or less, he/she may be exempt from Korean tax under the double taxation treaty signed between Korea and his/her home country. Typically the double taxation treaties require the following conditions to be met:
Are there special payroll considerations for short-term assignments?
What income will be taxed during short-term assignments?
As a non-resident, the assignee will be subject to Korean tax only on his/her Korean-source income.
Are there any additional considerations that should be considered before initiating a short-term assignment in Korea?
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