#Freelance
Related posts · 7 posts
Simple Expense Rate Thresholds in Korea — Last Year Under 60m, 36m or 24m Won; Freelancers at 36 Million
Income Tax Decree Article 143(4) applies the simple expense rate to new businesses or those whose previous year's revenue is under 60, 36 or 24 million won by sector, if this year's revenue is also under the simple-books line. Freelance personal services sit in the 36 million group.
Simple Books or Double-Entry in Korea — Last Year Under 300m, 150m or 75m Won; a Books, Expense Rate and Review Checker
Income Tax Decree Article 208(5) treats new businesses, or those with last year's revenue under 300m, 150m or 75m won by sector, as simple-books taxpayers. The same sector groups set the simple expense rate and tax review lines.
US Estimated Tax — In Scope From $1,000, Due 15 April, 15 June, 15 September and 15 January, Safe at 90% or 100%
An individual who expects to owe $1,000 or more on filing has to pay estimated tax in four instalments. They fall due on 15 April, 15 June, 15 September and 15 January of the following year, and paying the smaller of 90% of this year's tax or 100% of last year's avoids the penalty.
Korean Interim Income Tax Calculator — Not Half of Last May
The statute adds last November's interim payment too, then halves the sum. Under 500,000 won nothing is collected.
Korean Comprehensive Income Tax Calculator (2026) — Where the 3.3% Refund Turns
The number 3.3% appears in no statute: it is Article 129 of the Income Tax Act (3%) multiplied by Article 103-13 of the Local Tax Act (10% of that tax). The statutory basis for the pension premium deduction is now filled in too.
Freelancer 3.3% Tax Refund in Korea — 3% x 1.1, and Two Simple Expense Rates: 64.1% and 49.7%
We opened the provisions themselves. The 3.3% turns out to be 3% x 1.1, and the 8.8% takes three provisions multiplied together.
Comprehensive Income Tax in Korea, 2026 — Verified Against the NTS's Own Example
We recomputed the tax office's published worked example and matched it to the won. Plus what really counts toward the 15-million-won pension line.