Cryptocurrency Q&A
Is income tax in Korea high?
Is income tax in Korea high?
Caterina
Sat Mar 30 2024
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6
answers
1604
Could you possibly provide me with some insight on the level of income tax in Korea? I've been considering relocating to the country and am curious about the financial implications of such a move. Is the tax rate considered high compared to other developed nations? Are there any specific income brackets or exemptions that I should be aware of? Additionally, are there any tax planning strategies that are commonly employed by residents to minimize their tax burden? I appreciate your time and expertise in this matter.
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