We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept
Loading
Form preview
  • US Legal Forms
  • Form Library
  • More Forms
  • More Multi-State Forms
  • Application For Entitlement To Reduced Tax Rate

Get Application For Entitlement To Reduced Tax Rate

Enforcement Rules of the Personal Income Tax Act Form No. 2912 Revised on March 2015 Application for Entitlement to Reduced Tax Rate on Domestic Source Income(for Nonresident Individual) Please check.

How it works

  1. Open form

    Open form follow the instructions

  2. Easily sign form

    Easily sign the form with your finger

  3. Share form

    Send filled & signed form or save

How to fill out the Application For Entitlement To Reduced Tax Rate online

Filling out the Application For Entitlement To Reduced Tax Rate can be a straightforward process when following the right steps. This guide provides clear instructions to help you navigate the form and ensure accurate completion.

Follow the steps to complete your application effectively.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Fill in the filing number and date in the respective fields. This information is typically assigned by the tax agent receiving the application.
  3. In the Applicant Information section, provide your full name as it appears on your passport in the designated fields for last name, first name, and middle name.
  4. Enter your address in your country of residence. Make sure to write it in English and in the order of street number, street name, city, state, postal code, and country.
  5. Input your taxpayer identification number, which varies based on your residence status. Follow the guidelines provided in the form to select the correct number classification.
  6. Specify your date of birth, ensuring it is formatted correctly.
  7. Provide your country of residence and its associated code from the ISO country codes.
  8. Enter your current telephone number, including the country code.
  9. Indicate the number of days you have stayed in Korea over the past year and the past two years, checking 'None' if applicable.
  10. In the Claim of Tax Treaty Provisions section, detail the tax treaty between Korea and your country of residence, including the relevant articles and the tax rates applicable to your income.
  11. Respond to the questions in the Determination of Non-resident Individual section. Answer 'Yes' or 'No' based on your situation, as this will affect your tax status.
  12. Read and acknowledge the confirmation statement about the accuracy of your application. This may require your signature or seal.
  13. Attach any necessary documents, such as the Certificate of Facts Regarding Immigration Records, if required.
  14. Review your entries for accuracy and completeness before saving or downloading the filled form.

Complete your application online today to benefit from the reduced tax rate.

Get form

Experience a faster way to fill out and sign forms on the web. Access the most extensive library of templates available.
Get form

Related content

21.8.4 United States Certification for Reduced Tax...
Form 8802 is used to request certification of United States Residency for purposes of...
Learn more
Instructions for Form W-8BEN-E (Rev. October 2021)
Nov 30, 2020 — W-8BEN-E to apply a reduced rate of, or exemption from, withholding. If...
Learn more
2016 Instruction 1040
Dec 15, 2016 — See What's New in these instructions. THIS BOOKLET DOES NOT CONTAIN...
Learn more

Related links form

Form 103 Icai Filled Sample Pdf Ace Condo Association D&o Application Form Caregiver Information Form Caregiver Information Form Jv 290 - Forms 2002 Form 990EZ Supporting Schedule - Slighe Nan Gaidheal

Questions & Answers

Get answers to your most pressing questions about US Legal Forms API.

Contact support

Special tax exemptions for SMEs The tax deduction ratio ranges from 5% to 30%, depending on corporate location, size, business types, etc., with a cap of KRW 100 million. This incentive is applied to taxable income arising in the tax years that end before 31 December 2022.

Korean Tax Rates. The top personal tax rate in Korea is 42% (including a local income tax corresponding to 10% of the personal income tax due), and this rate applies to taxable income in excess of KRW 500 million. However, expatriates can elect to apply a 19% flat tax rate to total Korea-sourced employment income.

In addition, local income tax of 10 percent of the total income tax amount is assessed. However, foreign expatriates can elect to apply a 19 percent flat tax rate (21.9 percent flat tax rate inclusive of local income tax) to total Korea-sourced employment income.

ARTICLE 21(1) -- Students and Trainees shall be exempt from tax by that other Contracting State with respect to the amounts described in subparagraph (b) of this paragraph for a period not exceeding 5 taxable years from the date of his arrival in that other Contracting State.

Under the Bill, a foreign worker who first provides labor in South Korea on or before 31 December 2023, can elect to have the 19-percent flat tax rate (20.9 percent including local income tax) applied for five consecutive tax years, including the first year he/she starts to work in South Korea.

Tax Rate Basic income taxFrom KRW 12 to 46 million1.5%From KRW 46 to 88 million2.4%From KRW 88 to 150 million3.5%From KRW 150 to 300 million3.8%14 more rows

Dividends and interest paid to resident individuals by corporations generally are subject to a 14% WHT rate. In addition to this, there is a local income tax of 10% on the WHT liability.

The United States has tax treaties with a number of foreign countries. Under these treaties, residents (not necessarily citizens) of foreign countries are taxed at a reduced rate, or are exempt from U.S. taxes on certain items of income they receive from sources within the United States.

Get This Form Now!

Use professional pre-built templates to fill in and sign documents online faster. Get access to thousands of forms.
Get form
If you believe that this page should be taken down, please follow our DMCA take down processhere.

Industry-leading security and compliance

US Legal Forms protects your data by complying with industry-specific security standards.
  • In businnes since 1997
    25+ years providing professional legal documents.
  • Accredited business
    Guarantees that a business meets BBB accreditation standards in the US and Canada.
  • Secured by Braintree
    Validated Level 1 PCI DSS compliant payment gateway that accepts most major credit and debit card brands from across the globe.
Get Application For Entitlement To Reduced Tax Rate
Get form
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232