How will the year-end tax settlement that I have to prepare every year change in 2023?
Check it out through this app
[2023 Year-end Settlement Changes]
1) Simplification of basic deduction limit section
2) Deduction limit for traditional markets/public transportation/books, performances, etc. is granted → Changed to summation
3) Movie fee is added to the amount used for books, performances, etc.
4) 40% → 80% increase in use for traditional markets/public transportation in the second half of 2022 (temporary increase, deduction limit of 1 million won)
However, employees whose total salary exceeds 70 million won are not eligible for cultural expenses deduction. This content is effective from 2023.
Check various income deductions, tax reductions, and QNA within the app.
[Disclaimer]
- This app is not an official app representing any government or political institution. It is an app created by individuals to provide quality information, and does not take any responsibility.
[Information Source]
- Source: Korea Policy Briefing website (https://www.korea.kr)
