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 can benefit from flat tax.
If you are foreign worker in KOREA, Please make sure that the applying the flat tax rate is better while you are doing 2023 year-end settlements or 2023 income tax filing.
Below is the site for your reference.
#Taxincentive#Foreigner in KOREA