About 3.3% Tax Calculator
The 3.3% Tax Calculator is a free tool for Korean freelancers (business income earners) to instantly calculate withholding tax and net income. View income tax (3%) and local income tax (0.3%) separately, and use the annual totaling feature to accumulate multiple income entries.
Features
- Withholding tax calculation (income tax 3% + local income tax 0.3%)
- Instant net income calculation
- Itemized tax breakdown display
- Annual income totaling
- Multiple income entry management
- Copy result to clipboard
What is 3.3% Withholding Tax?
When paying a freelancer (business income earner), the payer withholds 3.3% — comprising income tax (3%) and local income tax (0.3%) — and remits it to the tax authority. Freelancers file a comprehensive income tax return each May for the prior year, deducting the withheld amounts against their total tax liability.
Disclaimer
This calculator applies the standard 3.3% withholding rate. Actual tax obligations vary by individual situation. Please consult a tax professional for accurate tax filing.
Contact
For inquiries: kimbj05@gmail.com