Type

Deductibility

Note

Resident

Non-resident

Total wage & salary Income

Including Foreign-source income

Domestic-source income

Foreign residents under Article 3 of Income tax act, liable to pay tax on foreign-source income when it is paid in or remitted to Korea

Personal Deduction

Basic deductions

(Self, Spouse, dependent family)

○

○

Additional deduction

(The aged, the disabled, qualified female taxpayer, etc)

○

Self only

Additional deduction for multiple children

○

Self only

Pension contribution deduction

○

X

Deductible, if participant of pension plan

Special deductions

Insurance premium

○

X

Educational expenses

○

X

Medical expenses

○

X

Housing Fund

X

A foreign is not deemed householder

Donations

○

X

Standard deduction

○

X

Other

income deduction

Pension saving etc

○

X

Contribution paid to small-sized company & self-employed mutual aid association

○

X

Home purchase savings

X

A foreign is not deemed householder

Investment association

○

X

Credit card Usage

○

X

Interest Payment for housing  Rental Loan without a Lump-sum Payment

○

X

Workers in S/M enterprises which maintain the same employment level

○

X

Employee stock ownership association contribution

○

Deductible if joined in the association

Tax

Credits,

etc

Tax Credit for wage & salary income

○

Political funds

○

X