WM GROUP charges reasonable Tax Accounting Fees to both Korean and Foreign Companies. Refer to the chart below for a glimpse of our fees.
Please note:-
a). The Fees specified below are inclusive of 10% VAT.
b). When an extra cost accounting needs to be done, a 10% additional fee will be billed together with the basic fees specified below.
c). The level of the fee will be decided by the total amount of the assets or the transaction amount, whichever is higher.

1. MONTHLY FEES FOR BOOK KEEPING SERVICES.

KOREA TAX LAW AND OUR SERVICES.

Korean Tax Laws stipulates tax relations between the central or local governments, which have the right to impose taxes, and the people, who are key players in economic activities, or between governments.

Korea Tax Laws includes laws concerning domestic taxes, the Customs Act, the Provisional Import Surtax Act, and the Local Tax Act. Laws concerning domestic taxes are based on the principle of applying one tax law for one tax item, except for the Inheritance and Gift Tax Act.

We provide our services in strict accordance with the Korea Tax Accounting Standards and law to ensure companies fulfill their tax obligations.

Our Monthly and Quaterly Services include:-

a). Book Keeping Services:- We audit accounting books and the Company's financial based on the cash receipts and payment records provided.
b). Quarterly VAT Reports:- We file on behalf of the company, monthly and quarterly VAT returns according to the Korea Tax Laws.
c). Tax Refund:- In accordance to Korea tax laws, Korean and Foreign Invested companies are entitled to specific tax refund benefits depending on their scope of activities. We file and handle such kind of Tax refunds on behalf of our clients.
d). Other Services:-
o Handle and administer applications for National Pension and National Health Insurance contributions.
o. Safe keeping of legal and tax related company documents on behalf of the client.
o. Represent the company on all tax related matters.

Our Annual Services include:-

a). Corporate Income Tax Returns:- Every year according to Korea National Tax Service, we file on behalf of the company, annual corporate tax returns and file for the company's annual financial statements.
b). File Individual Income Tax Returns:- On behalf of the company directors and employees, we compile and file for individual income tax returns, offer consultations regarding tax exemptions as well as help in Annual Global Tax Returns.
c). Annual Income Tax Refund:- In accordance to Korea tax laws, Korean and Foreign Invested companies, directors and employees are entitled to specific income tax refund benefits every year. We file and handle such kind of Tax refunds on behalf of our clients and their employees.
d). Other Services:-
o. Safe keeping of legal and tax related company documents on behalf of the client.
o. File Statutory financial statements with the end-year corporate tax returns.
o. International Tax Advisory.