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payroll.jfif

工资单

J&J Korea的薪酬服务不仅能够为您节省金钱和时间,还能够让您更加安心专注于自己的业务。

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我们协助

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准备工资所得税并向税务局提交月度工资所得税报告

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以净付款汇款计算离职金和所得税

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​社会保障税的管理

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通过适当的服务来减少不必要的麻烦, 对韩国有深入了解

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为各类客户寻找最佳特殊扣减

Frequently Asked Questions

 What exactly do J&J Korea's Payroll services cover in South Korea?

Our payroll services in South Korea are comprehensive, designed to handle all aspects of your employee compensation and compliance. 
This includes the…

  • Preparation of payroll income taxes

  • Submission of monthly payroll income tax reports to the National Tax Service (NTS) and local tax authorities

  • Calculation of severance pay and associated income tax with remittance of net payments

    The full administration of social security taxes (National Pension, National Health Insurance, Employment Insurance, and Workers' Compensation Insurance). 

Why should my company consider outsourcing payroll to J&J Korea?

South Korea's payroll and social security regulations can be complex and are subject to frequent changes. Outsourcing to J&J Korea significantly reduces the administrative burden on your internal team, minimizes the risk of errors and penalties due to non-compliance, and ensures that your employees are paid accurately and on time. Our deep knowledge of Korean regulations helps you avoid aggravation and focus on your core business activities.

What is involved in preparation of payroll income taxes and Submission of monthly payroll income tax reports?

This service includes calculating the correct individual income tax (including local income tax, which is 10% of the national income tax) to be withheld from each employee's salary based on the progressive tax rates in South Korea. We then prepare and submit the necessary monthly withholding tax reports to the National Tax Service (NTS) and local tax authorities, ensuring all deadlines are met. We also assist with the annual year-end tax settlement process for your employees.

How is severance pay calculated in South Korea, and how does J&J Korea manage it?

In South Korea, employees who have worked for at least one year are generally entitled to severance pay, regardless of the reason for termination. The calculation is typically based on 30 days of their average wage for each year of continuous service. Our service includes accurately calculating the severance pay, determining the associated income tax liabilities (which are often taxed at a lower, separate rate than regular income), and facilitating the compliant remittance of the net severance payment to the employee.

What is administration of social security tax and what does it include?

Social security in South Korea comprises four main components:
 

  • National Pension: Contributions made by both employer and employee.

  • National Health Insurance: Contributions made by both employer and employee, also including Long-Term Care Insurance.

  • Employment Insurance: Contributions made by both employer and employee.

  • Workers' Compensation Insurance: Paid solely by the employer, with rates varying by industry

    J&J Korea handles the accurate calculation, withholding, and timely remittance of all these social security contributions to the respective government agencies, ensuring your company and employees remain compliant.

How does J&J Korea help reduce aggravation by setting up services properly?

Our approach is proactive. We take the time to understand your company's specific structure and needs to set up a robust payroll system from the ground up. This involves configuring payroll according to Korean legal requirements, establishing clear communication channels, and providing expert guidance, thereby preventing common pitfalls and ensuring a smooth, compliant operation from day one.

Can J&J Korea help us find the best special deductions?

Absolutely. South Korean tax law provides various individual tax deductions and credits for employees, such as earned income deductions, deductions for dependants, medical expenses, education expenses, charitable contributions, and certain housing-related deductions. Our deep knowledge of these regulations allows us to identify and apply all eligible special deductions for your employees, optimizing their net pay and ensuring your company maximizes all available benefits while remaining fully compliant.

Is J&J Korea knowledgeable about the latest changes in South Korean payroll regulations?

Yes, staying current with the constantly evolving labor laws, tax regulations, and social security contribution rates in South Korea is a cornerstone of our service. Our team undergoes continuous training and monitors official announcements from relevant government bodies like the National Tax Service (NTS) and the Ministry of Employment and Labor to ensure our services are always up-to-date and compliant.

How does J&J Korea ensure the confidentiality and accuracy of payroll data?

We prioritize the confidentiality and accuracy of your sensitive payroll data. We employ stringent data security protocols, secure information systems, and our professionals adhere to strict confidentiality agreements. Our meticulous processes and quality control checks are designed to minimize errors and maintain the highest level of data integrity.

What information will J&J Korea require from us to provide payroll services?

To set up and manage your payroll effectively, we will typically require employee basic information (name, resident registration number/foreign registration number, address), employment contract details (salary, start date), bank account information for net pay, and any specific benefits or allowances. During the initial consultation, we will provide a comprehensive checklist of necessary documents and information.

如果您想为您的企业提供任何进一步的税务建议,请随时与我们联系。

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