Sunday, January 24, 2016

How to file a tax return in South Korea (2016)?

Its January and it is the "tax return file" time here in Korea. I tried looking for some help online on "How to file tax return in Korea" but in vain. So I had to take help from one of my Korean friend. I had to first generate a PDF file of all the expenses and then upload it on my company's website so that they can later file the tax return for me. Here is a step-wise guide on how to generate that PDF file which you will later upload or send to the concerned authority of your company. I work for a government research institute so I am not sure if the process is same for people employed at hagwons or private companies.

Before you get started here are the prerequisites

  1. Use windows. I used windows so i'm not sure if it works on Unix systems
  2. Use internet explorer
  3. You must have any of the korean certificates on your system like online banking, koreamail or any other korean certificate. I used my NH bank certificate.
  4. In case you have any trouble with this process install all the updates for windows and then start the process again.
LETS GET STARTED

  1. Go to www.hometax.go.kr Click on the first big blue button. It means "year end settlement" or something like that :-).



2.  First click the button on the left (seen after the 3 points). This button will install the necessary updates required for the process. Then,fill in the details. First box is for your name (as in your ARC). Second box is for your ARC number. Hit the big blue button. 

3.It'll open up a form kind-of thing showing all your certificates. Choose the certificate and enter the password. If you are using an English version of windows and you have more than one certificates installed check the expiry date of the certificate in order to choose the correct one.Choose the certificate, enter the password and click the first of three buttons you see at the end of the form.

4. It'll open up the following screen.Click the checkbox just above the black button at the end of the form. Leave the rest unchecked. Click the black button.
5. Once you hit the black button, the following screen will show up.Click all the blue buttons one by one and they'll show how much money you spent on various things.

6. Once you have clicked on all the blue buttons click on the button where you see pointer in the picture

7. Once you click on the button above it'll open up the following form. Check all boxes highlighted (as shown in picture below) and click the button where the pointer is in the picture below. Save the PDF, hit the black button and you are done.

Once you have the PDF file you can upload it on your company's website or use it as per your company's rules. I uploaded it on my office's mail portal that we have.

 In case this doesn't work or there is any glitch with the process i mentioned here, let me know please.


Hope it helps !


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Much love
Aditi