수다쟁이의 관심사

The range of refundable amounts for workers' year-end tax settlements or comprehensive income tax declarations in Korea is the sum of the tax amount not withheld and paid from the money the individual received as salary or other income during the taxable period (including any pre-paid taxes). Generally, individual business owners (self-employed individuals) receive the entire sales revenue as in..

Comprehensive Income Tax (CIT) Individual business owners must pay income tax by multiplying their net profit by a progressive tax rate of 6-42%. However, an additional 10% local tax must be added to this income tax, so the actual income tax rate would be 6.6-46.2%. Value-Added Tax (VAT) VAT is a tax levied on the value added (margin) generated by goods or services in business transactions. VAT ..

ㅁ Definition of Annual Leave (Monthly Leave) under Article 60 of the Labor Standards Act (as of 2022): Annual leave means 15 days of paid leave that are earned when an employee has worked for more than 80% of the year. Employees who have worked for less than a year or who have worked for more than a year but less than 80% of the time must be given one day of paid leave for every month worked. If..

Applies to all business operators. For industries subject to mandatory issuance, issuance is mandatory for transactions of KRW 100,000 or more, even without consumer request. KRW 100,000 is based on the total transaction amount. => Applies even when using credit cards and cash together Installment payments are also subject to this. Compliance with issuance period is required. Failure to issue ma..

○ The "Act on the Fairness of Recruitment Procedure" (Recruitment Procedure Act) applies to companies with 30 or more employees. ⇒ Companies with 4 or fewer employees are not subject to this law. ​ ○ Other laws to be aware of 1. Personal Information Protection Act Article 23, Article 24, Article 71, Paragraph 3 and 4 "Unique identifying information," "Sensitive information" : Can only be collect..

ㅇ Regular working hours Refers to the hours agreed upon between the employee and the employer for work within the range of working hours stipulated in Article 50 and Article 69 of the Labor Standards Act or Article 139 of the Industrial Safety and Health Act (Article 2 (1) (8) of the Labor Standards Act) Generally refers to the working hours from the start time to the end time of the work stipul..

1. What is a probationary employee? A probationary employee refers to an employee who has been officially employed as a worker and is receiving education, training, or other programs according to the company's needs. As a probationary employee has a complete employment contract, unlike a fixed-term employee with a set probationary period, labor laws are fully applied. Therefore, to dismiss a pro..

ㅇ Summary of applying cash payment discounts in a business ㅇ If the business is a credit card merchant: Credit card payment cannot be refused (Article 19, Paragraph 1 of the Act on the Consumer Finance Business); There may be illegality if there is a difference between the cash payment price and the credit card payment price because merchants cannot impose merchant fees on consumers (credit card..