Tax calculator
Korean Freelancer 3.3% Tax Calculator
Estimate Korean freelancer withholding and net payment using 3% income tax plus 0.3% local income tax.
First confirm that the payment is business income subject to 3.3% withholding.
Estimated withholding
Calculate to see estimated withholding and net payment.
How it is calculated
- Subtract the confirmed excluded amount from gross payment.
- Calculate 3% national income tax and 0.3% local income tax on that amount.
- Subtract both taxes from gross payment to estimate net payment.
Important cautions
- Not every freelancer payment is subject to 3.3% withholding.
- Enter an excluded amount only when supported by the contract and tax records.
- A comprehensive income tax return may produce a refund or additional payment after expenses, deductions, and prepaid tax.
FAQ
What makes up 3.3%?
It combines 3% business-income withholding and 0.3% local income tax on the payment.
Is this the final tax?
No. It is prepaid withholding; the final amount can change on the income tax return.
What is the excluded amount?
Enter only an amount confirmed by contract or evidence as outside the withholding base.
Does this include VAT?
No. This calculator does not determine or calculate VAT.