Individual Income Tax Services

Individual business owners often lack the dedicated operational support that corporations enjoy, making professional assistance essential for accurate tax compliance. Partnering with ARA TAX provides you with a transparent and systematic tax filing process while minimizing the administrative burden of preparing statutory documents.

1. Comprehensive Income Tax Services

• Preparation and filing of individual income tax returns with meticulous attention to detail
• Professional representation in all communications with local tax offices
• Strategic adjustment of taxable income in accordance with Korean Tax Law
• Ongoing tax advisory services for both routine and complex business issues
• Year-end closing support and documentation assistance
• Expert representation during tax audits and inspection proceedings

 

Specialized 3.3% Freelancer Tax Management

If you operate as a 3.3% freelancer in Korea and require professional assistance with current and previous years’ tax filings, we invite you to contact us. Our streamlined approach transforms the complex tax filing process into a manageable and efficient experience, allowing you to focus on your core business activities while ensuring full compliance with Korean tax regulations.

2. Value Added Tax (VAT) Services

Value Added Tax compliance is frequently underestimated by new business owners, often resulting in costly penalties and complications. Many clients approach us only after receiving substantial tax bills with penalties—a situation we help you avoid through proactive VAT management.

Understanding VAT Obligations in Korea

VAT is levied on all sales of goods and services in Korea at a standard rate of 10%. VAT-registered businesses must collect this tax from their customers and remit it to the National Tax Service biannually. The Korean tax system requires rigorous documentation and timely compliance to avoid penalties.

The National Tax Service mandates that all registered businesses issue electronic tax invoices or cash receipts for transactions. VAT data is monitored and maintained in near real-time through the Hometax system, and any inconsistencies in VAT filings can trigger immediate tax investigations by the authorities.

Our VAT Expertise and Services

Drawing upon our extensive knowledge and experience in advising on cross-border transactions, ARA TAX helps establish a strong foundation for both domestic operations and international business expansion.

Comprehensive VAT Services

• VAT registration for new business entities and foreign companies
• VAT filing and compliance advisory services aligned with Korean VAT regulations
• VAT reclaim and refund optimization strategies
• Proactive VAT risk assessment and management
• Specialized VAT services for liaison offices of multinational corporations
• Cross-border transaction VAT advisory and structuring

 

Why Choose ARA TAX?

Our team combines deep technical expertise with practical business experience to deliver solutions tailored to your specific needs. We understand the complexities of Korean tax law and provide clear, actionable guidance that protects your business interests while ensuring full regulatory compliance.