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Tips for tax saving in art before jumping into Frieze Seoul.

No tax is levied on paintings with a transfer value of less than 60 million won.

Works of surviving artists in Korea are unconditionally exempt from taxation.

If the transfer value is less than 100 million won or the period of holding the artwork exceeds 10 years, 90% of the necessary expenses will be deducted, and the effective tax rate will be less than 5%.



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Tax saving tip for foreign worker in KOREA.

Which tax rate will be better for you to choose at below. Flat tax rate: 19% VS Basic income tax: 24%(From Krw 50mil to Krw 88mil) If your income is over krw 100mil, there is a possiblilty that you c


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