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  • Withholding obligation is imposed to technical personal services provided out of Korea but paid from Korea
  • CKC
    Views: 4419, 2017.08.18 14:00:11
  • Withholding obligation is imposed to technical personal services provided out of Korea but paid from Korea

     

    (Current)

    • 20% withholding of tax is obliged for following personal service if it is performed in

      Korea

          Category : personal service provided by entertainer, professional sport player, freelancer

    Category : personal service provided by expert in scientific technology or management etc., using such knowledge or skill (Technical personal service)

     

    (New)

    • 20% withholding of tax is obliged for following personal service if it is performed in

      Korea

          Category : personal service provided by entertainer, professional sport player, freelancer

    Category : personal service provided by expert in scientific technology or management etc., using such knowledge or skill (Technical personal service)

     

    • 3% withholding is obliged to category above even though they are performed out of Korea but is paid from Korea, if tax treaty allows withholding of tax

       

      (Effective date)

    This change is effective to the technical personal services provided from January 1, 2017

     

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Tag
  • INAA GROUP
  • Compandben SA
  • High Street Partners
  • Invest Korea
  • Seoul Global Center
  • Knowing about Korea
  • National Tax Service
  • Minstry of Labor
  • National health Insurance
  • National Pension Service
  • Compensation & Welfare Service