Three Methods of Individual Income Tax

Lecture in Korean

Image from Pixabay

Professor Sungjong Lim, Associate Professor, Department of Business Administration, Chungnam National University

Thursday, March 3, 2022
11:00 AM - 12:30 PM (Pacific Time)

Individual income tax is largely levied by comprehensive taxation, separate taxation, and classification taxation. Interest income, dividend income, business income, earned income, pension income, and other income are comprehensive taxation.

Since retirement income and capital gains are income generated over a long period of time, comprehensive taxation is subject to progressive taxation at a time and collective effect, so they are classified separately from comprehensive income.

According to the tax law, taxpayers are not classified as residents or non-residents according to the nationality of taxpayers. If a taxpayer has an address or a residence in Korea for more than 183 days, the taxpayer is classified as a resident.

In this colloquium, Professor Lim will discuss three different methods of individual income tax.

 * If you are interested in attending this talk, please email the Center (koreanstudies@international.ucla.edu) for a Zoom invitation.

koreanstudies@international.ucla.edu

Sponsor(s): Center for Korean Studies