Year-End Tax Settlement Guide for Foreign Faculty

(Income Deduction Report & Supporting Document Submission)

This notice provides important information regarding the Year-End Tax Settlement, including income deduction reporting and the submission of supporting documents for foreign faculty members.

Please review the information below carefully and follow the procedure that applies to your situation.

1. Administrative Support for Year-End Tax Settlement

Foreign faculty members who wish to receive administrative assistance with their year-end tax settlement are requested to visit the Year-End Tax Settlement Support Team during the designated support period.

The specific support period and individual visit schedule will be announced separately each year.

To ensure efficient processing and avoid congestion, each faculty member may be assigned a specific visit date.

Please prepare all required documents in advance and visit the support team on your assigned date.

• Location: Woosong Building (W7), Room 211
• Support: Year-End Tax Settlement Support Team

2. Required Documents (Mandatory)

All documents listed below must be prepared before your visit.

(1) Identification Documents

• Digital Identification Certificate (Joint Certificate / 공동인증서)
  • Issued by your bank
• Certificate of Alien Registration (외국인등록사실증명서)
  • Must be recently issued for the applicable year-end tax settlement
  • Obtainable from your local community center (주민센터)

(2) Income Deduction Report & Supporting Documents

While some data, such as credit card, debit card, and cash receipt usage, can be automatically retrieved from the National Tax Service (NTS) Hometax system, additional supporting documents must be submitted for deductions that are not reflected in the NTS system.

Please prepare the Income Deduction Report and all required supporting documents in accordance with the attached guideline.

Examples of Additional Supporting Documents

① Monthly Rent Tax Credit (월세 세액공제)

If you reside in private rental housing, please submit:

• A copy of the Lease Contract, and
• Proof of rent payment, such as:
  • Bank transfer transaction history, or
  • Internet/mobile banking transfer confirmation

※ Cash payments are generally not accepted.

※ University-provided faculty housing is not eligible for this deduction.

② Children’s Education Expense Deduction (자녀 교육비)

If you claim education expenses for your child, please submit:

• An official Tuition Payment Certificate, or
• An Education Expense Payment Confirmation issued by the educational institution

The document must clearly indicate:

• Student’s name
• School name
• Payment amount
• Payment period for the applicable tax year

English documents issued by overseas schools are acceptable.

Deductible Scope of Education Expenses

A. Domestic Education (Within Korea)

Deductible:

• Legally recognized kindergartens
• Elementary, middle, and high school tuition
• Undergraduate university tuition
• Private academy (hagwon) expenses for children aged 6 or younger

Not deductible:

• Hagwon expenses for children aged 7 or older
• Graduate school tuition
• Dormitory fees, living expenses, transportation, and textbooks

B. Overseas Education (Outside Korea)

Deductible:

• Elementary, middle, and high school
• Undergraduate (college) programs

Not deductible:

• Kindergarten / preschool
• Graduate programs (Master’s / PhD)

3. Self-Processing of Year-End Tax Settlement

Faculty members who choose to complete the year-end tax settlement independently must ensure that:

• All forms and supporting documents are fully completed,
• Finalized materials are printed, and
• All required documents are submitted by the designated deadline.

The submission deadline will be announced separately each year.

Submission Location

• Woosong Building (W7), Room 220-2
• General Affairs Office

Contact Person

• Mr. Young-Ho Cho
• Tel: 042-630-9652
• Email: zzskshwl@wsu.ac.kr

4. If You Miss the Year-End Tax Settlement Deadline

If the year-end tax settlement is not completed by the designated deadline, tax processing will be conducted by the University based on the deductions that can be applied with the available information and documents.

However, unless you have opted for the flat tax rate applicable to foreign employees, you may still be able to claim additional deductions by filing an individual Comprehensive Income Tax Return during the statutory filing period in the following year.

Comprehensive Income Tax Return

• Filing Period: Generally during May of the following year, in accordance with the schedule announced by the National Tax Service
• Filing Method:
  • Online via the National Tax Service (Hometax), or
  • In person at your local tax office

During this process, you may submit supporting documents for eligible deductions not included in the year-end tax settlement, such as:

• Children’s education expenses
• Monthly rent expenses
• Medical expenses
• Donations
• Other eligible deductions

If applicable, an additional tax refund may be issued after the individual tax return is filed.

Important Notice

The specific schedule, submission deadline, and other administrative details may vary each year and will be announced separately.

Faculty members are responsible for preparing and submitting all required documents within the designated period.

Failure to submit complete documents by the deadline may result in delays or disadvantages in tax settlement processing.

If you have any questions, please contact the HR Office in advance.