South Korea's Tax Agency Offers Fee-Free Income Tax Refunds to 1.11 Million Taxpayers

South Korea's National Tax Service launches fee-free income tax refund program for 1.11 million taxpayers totaling 140.9 billion won, competing with private platforms while warning of penalty risks for improper applications outside official channels

KSD Announces ICSD Offshore Settlement Guidelines—'Interest Income on Government Bonds to Be Withheld at Source'

Korea Securities Depository unveiled new ICSD offshore settlement guidelines, mandating withholding tax on government bond interest, as South Korea prepares for WGBI inclusion.

National Tax Service to Refund 198.5 Billion Won in Income Tax to 1.47 Million Platform Workers Including Delivery Riders

The National Tax Service will refund 198.5 billion won ($150 million) in income tax to 1.47 million platform workers, including delivery riders, as part of efforts to ease the tax burden on low-income earners and review the current withholding tax rate.

National Tax Service Extends Withholding Tax Filing and Payment Deadline by Five Days to October 15

The National Tax Service has extended the September tax filing and payment deadlines, including withholding tax, by five days to October 15 to ease taxpayer burden during Korea's long October holidays.

[Short-term Money Market Analysis]Reserve Shortfall Expected for the Day

South Korea's short-term money market is expected to face a reserve shortfall on July 11, driven by large pre-paid withholding tax outflows, despite fiscal disbursements and deposit maturities, with the overnight call rate at 2.529% and continued steady demand for low-interest borrowing.

RRIF Withdrawal Rules in Canada: Essential Tax Strategies

A guide to RRIF withdrawal rules in Canada. Discover minimum rates, tax implications, and strategic planning to maximize your retirement income.

[Short-term Money Market Analysis]Daily Reserve Surplus Expected

Short-term money market expected to show daily reserve surplus on March 11, with fiscal disbursements and bond maturities increasing reserves amid preparations for withholding tax prepayments.

[Short-term Money Market Analysis]Daily Reserve Shortage Expected

Short-term money market anticipates daily reserve shortage due to withholding tax payments, impacting loan inflows and repo market dynamics

BIR plans online sellers tax in time for Christmas

MANILA  -The government is hoping to start collecting a 1-percent withholding tax from operators of online marketplaces before December this year, as it seeks to cash-in on the exponential growth

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