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Year-end tax settlement (연말정산) made easy
Most workers in Korea can get money back each January–February.
- Your employer runs the settlement; you give them your deduction data.
- Download your data from Hometax's simplified year-end service in January.
- Cash receipts, card spending, medical bills, rent and pension savings can all count – keep receipts.
- Foreign workers may be able to choose a flat tax rate – ask HR or the NTS: nts.go.kr.