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Sample report · Generated OCTOBER 19, 2026

Seoul, for your family

Demo report — sample data
Freshness:High confidenceModerate confidenceUnverified
VI.Taxes, what you'll actually pay

Income tax, VAT, and key benefits for Seoul.

Tax figures use published statutory rates and are provided for planning purposes only. Always consult a qualified local tax advisor before making financial decisions.

Limited sourcesConfidence details
  • •2 of 3 sources agree on topMarginalRate (within tolerance)
  • •outlier excluded from majority on topMarginalRate: the Big-4 guide at 46.2% — excluded from the majority, informational, does not lower confidence
  • •2 of 2 sources agree on employeeSsRate (within tolerance)
  • •insufficient sources to cross-check personalAllowance
  • •1 tax-related claim(s) dropped by the source-grounding critic for going beyond what the cited source explicitly supports
  • •3 tax-related claim(s) sourced only from general web content, not verified against a government or professional tax-firm source
  • •1 tax-related claim(s) cited to a source that does not clearly establish the specific tax classification claimed
  • •extraction confidence = high (the PwC summary, 8 brackets parsed; the tax year came from a keyword match and the top rate from the bracket bounds)

Special tax regimes

Foreign Worker 19% Flat Tax Rate Election (외국인근로자 단일세율 과세특례)

Inbound foreign employees can elect a flat national income tax rate of 19% (20.9% inclusive of the 10% local income tax surtax) on gross Korean employment income for up to 20 years from commencement of Korean work, instead of progressive tax rates. Electing this regime forfeits all personal deductions, earned-income deductions, exemptions, and tax credits.

Flat rate: 20.9%

Action required to claim

Submit an Application for Single Tax Rate Application for Foreign Workers to the employer at monthly withholding/year-end settlement or to the district tax office during annual filing.

Deadline: At monthly withholding, year-end tax settlement (January/February), or annual comprehensive return filing by May 31.

Tax breaks

Child Tax Credit (자녀세액공제)16

Annual direct credit against income tax liability of KRW 550,000 for two qualifying dependent children.

16.Income Tax Act Art. 59-2 source · October 19, 2026Moderate-confidence source match

Earned-income deduction + personal exemptions17

Reduces taxable income by ₩26,000,000/yr before Korea's progressive brackets apply (earned-income deduction + your household's personal exemptions — server-computed, not AI-asserted).

17.PwC Tax Summaries — Republic of Korea, Individual - Deductions source · October 19, 2026Moderate-confidence source match

Income tax brackets (annual)

₩0 – ₩14,000,000
6.6%
₩14,000,000 – ₩50,000,000
16.5%
₩50,000,000 – ₩88,000,000
26.4%
₩88,000,000 – ₩150,000,000
38.5%
₩150,000,000 – ₩300,000,000
41.8%
₩300,000,000 – ₩500,000,000
44%
₩500,000,000 – ₩1,000,000,000
46.2%
₩1,000,000,000 – and above
49.5%

Tax rates at a glance

10%18

VAT

18.National Tax Service source · October 19, 2026Moderate-confidence source match

Employee: 9.72% (NPS 4.75% + NHI/LTCI 4.07% + EI 0.9%; NPS capped at a monthly income ceiling)19

Social security

19.Korea statutory employee social-insurance rates (NPS, NHIS health and long-term care, employment insurance) source · October 19, 2026High-confidence source match

Double tax treatyestimated, unverified

The bilateral tax convention between Israel and South Korea prevents double taxation on employment income, establishes residency tie-breaker rules, and provides reciprocal foreign tax credits.

IsraelSouth Korea

Equity compensation20

Stock option spread at exercise and RSU vesting are treated as taxable employment wage income under standard progressive rates (Income Tax Act Article 20). If the foreign worker elects the flat-rate regime under RSTA Article 18-2, Korean-sourced employment income including equity compensation is covered within the flat-rate election, forfeiting standard deductions.

20.PwC Tax Summaries Korea source · October 19, 2026Moderate-confidence source match

If any of your equity vested while you were working in a different country, most tax treaties (following the OECD Model Convention, Article 15) source the income proportionally to where you physically worked during the vesting period — not entirely to your destination country. This can mean only part of the value is taxable here.

Your home country may also tax this equity, may allow a credit for tax paid here, or may require separate reporting — the rules depend on your specific citizenship/residency situation and are outside what this report can determine. A cross-border tax advisor can confirm the exact treatment and whether deferring exercise or sale changes the outcome.

Relocation Lens reports are AI-generated estimates for planning purposes only and do not constitute tax, legal, financial, or immigration advice. Tax laws change and AI-generated figures can be wrong. Always confirm with a licensed professional before making relocation, compensation, or visa decisions.