How much is the Earned Income Tax Credit (EITC)?

Name: Beyul Tax Firm
Address: 2F Wing Gallery Building, 8 Seolleung-ro 111-gil, Gangnam-gu, Seoul, Republic of Korea, Seoul, Gangnam-gu, 06062, KR
Telephone: +82-2-6953-5123

Question

Accepted Answer

1. 35% of the annual computed amount is paid in December
2. Final settlement occurs in June of the following year (annual amount minus December payment)
3. Payment is withheld if the amount is under KRW 150,000 or if clawback is expected at settlement

Frequently Asked Questions (FAQ)

Frequently Asked Questions