In Korean taxes, it doesn't matter what kind of visa you have.

Confused about where you belong for tax filing?
Let's clearly understand the concepts of 'Resident' and 'Non-resident' for accurate tax filing!
Just because you have Korean nationality doesn't automatically make you a 'Resident'.
If you live overseas for a long time, you could become a 'Non-resident' under Korean tax law!

What's the difference between 'Resident' and 'Non-resident'? 🤔

The most significant differences are the scope of taxes you pay and the benefits you can receive.

Resident

• Taxes: You must pay taxes in Korea on all income earned worldwide, not just in Korea. (Unlimited tax liability)
• Benefits: You can receive various income/tax credits such as earned income, medical expenses, education expenses, and credit card deductions.

Non-resident

• Taxes: You only need to pay taxes on income generated in Korea.
  Foreign income is irrelevant to Korean taxes. (Limited tax liability)
• Benefits: Tax credits are much more limited than for residents.

Remember that you can receive tax deductions for various expenses in proportion to the taxes you pay!
Of course, if you live in a country like Monaco where no taxes are paid, there's no need to become a resident in Korea, right? 😉

🔎 Where do I belong? A super simple check!

If you meet even one of the following two criteria, you are a 'Resident'! (If you don't meet either, you are a 'Non-resident'.)

1. Do you have a 'domicile' in Korea?
   • This isn't just about your registered address; it considers whether your 'center of life' is in Korea, such as whether you live with your family in Korea,
     have major assets, or have a job.
2. Do you have a 'sojourn' in Korea for 183 days or more?
   • Even without a domicile, this checks whether you have stayed in Korea for a total of 183 days or more within a year (tax period).