South Korea: Rental income taxes (%). The tax levied on the average annual income on a rental apartment/property in the country. Assumptions: Gross rental income is /US1,500/month; The property is personally directly owned jointly by husband and wife; Both owners are foreigners and nonresidents ; They have no other local income

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South Korea company incorporation costs in Year 1 amount to US3,500 and annual company costs in Year 2 and thereafter amount to US1,000. The average total fees per South Korea engagement amounts to US12,943, including company incorporation, and corporate bank account. Refer to draft invoice embedded here. Different South Korea entity types.

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