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Payroll & Social Security Insurance in Korea

home Local Compliance InformationPayroll & Social Security Insurance in Korea
Subject
Service for Year-end Income Tax Adjustment
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Date
2015-01-30
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Notice: Service for Year-end Income Tax Adjustment

                                                                                                           Selim Tax Office

 Dear Customers,

 How are you ? We, Selim, provide a Service for Annual Individual Income Tax Adjustment on behalf of our customers. Please refer to our service proposal as belows;

 1. Workscope of Selim's service

- Service for Individual Year-end Tax Adjustment both earned income & retirement income

- Electronic Filing service for the payment record

- Tax advisory service for Individual Year-end Tax Adjustment

 

2. Service information of Year-end Tax Adjustment from Selim

- To provide the guideline information of the preparation of Year-end Tax Adjustment

- The basic training information for the Year-end Tax Adjustment of the earned income

- The list of the required documents

3. The required documents by company

- the copy of business registration certificate

- The withholding tax report and payroll sheet each year

- Individual Year-end Tax Adjustment data by each employee

- if electronic data types, please transfer it.

 

4. Work Flow

(1) Year-end Tax Adjustment will be proceeded by "Paperless" method.

Each employee have to access the NTS's web site of Year-end simplification

service and then download & submit their own information directly to company.

(please refer to the notice ) Therefore each enployee must submit the information both "File" and "Printed information"

(2) The dependant and the tax credit & deduction will be processed as each  employee is recorded on the "Income Deduction Report". Selim can't recognize each employee's record and therefore they must be filled out correctly.  

5. Service fees

No.

Type of Income

Amount

Remarks

1

Earned Income(Present staffs )

10,000 won

Per Person

2

Electronic filling of Payment record of earned income (Retired staffs)

5,000 won

Per Person

3

Electronic filling of Payment record except the earned income(Business income, etc)

5,000 won

Per Person

* If your electronic data is not both Duzon(Smart A) and SeMuSarang 2, the service will added 5,000 won per person.

 

6. Selim's Responsability

(1) Obligation of the proper information

Selim have to provide the proper information which include the required documents

and information.

(2) The duty as the sincere work disciplinant of Tax accounting firm

We, Selim, do a work with the position which believes data which a customer

provides in range of data provided in our office and is sincere for thje benefit of

the customer's best interest.

 

7. The work request consultations, etc

(1) The above-mentioned workscope and the fees are informed of the standard

conditions only. When Selim makes a contract with each company, the final

contract will be adjusted in accordance with company's conditions.

(2) Except this service proposal, if any company want to outsource the payroll

including the social security insurance, we can give a service to you.

(3) Contact information

Dennis Cho. Tel.) 82-2-501-2131 or HP) 82-10-4904-5993

                                                                                                        Thanks in advance

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