Korea Tax Accountant case studies
Korea Tax Accountant · Put your knowledge to work in context.
The Korea Certified Tax Accountant (CTA), known in Korean as 세무사, is a Korean professional licence for tax practitioners. Holders prepare and file tax returns, represent clients before the tax authorities, and advise on income tax, corporate tax, value added tax, inheritance and gift tax, local taxes, and cross-border issues. Many work in accounting firms, in-house tax departments, law firms, or independent practice. The examination is administered in Korean and tests both technical knowledge and the practical ability to compute tax and draft returns. Topics on this exam: Tax Law I: National Tax Basic Act and Income Tax, Tax Law II: Corporate Tax, Value Added Tax, and Other National Taxes, Tax Law III: Local Taxes and International Taxation, Accounting: Financial Accounting and Cost Accounting, Economics, Business Administration and Commercial Law, and Tax Accounting Practice (Bookkeeping and Tax Return Preparation). The Korea Tax Accountant case studies are 5 cases and about 3,255 words.
1Freelancer's May Filing: Business Income, 3.3% Withholding and VAT Exemption
Han, a resident individual with no dependents, works as a freelance technical translator for several domestic publishers. During 2024 she billed 60,000,000 KRW for translation services; each client withheld 3.3% (1,980,000 KRW in total) and paid the balance.
693 words, about 3 min2Loss Carryforward Cap and Tax Adjustments for a Non-SME Corporation
Hanlim Machinery Co., Ltd. is a domestic corporation that is not a small or medium enterprise.
642 words, about 3 min3Land Acquisition Tax, Software Royalties and a Ten-Day Installation
Daehan Precision Co., Ltd. is a Korean manufacturer.
737 words, about 4 min4Construction Contract Revenue, Cost Revision and Warranty Deferred Tax
BuildRight Co., Ltd. uses K-IFRS and has one construction contract, signed on 1 January 2024, with a fixed price of 1,000,000,000 KRW.
584 words, about 3 min5Quarterly VAT Settlement for a Sole Proprietor with Mixed Purchases
Seo runs a small furniture shop in Busan as a sole proprietor. She is a general VAT taxpayer and files quarterly; the relevant period is the first quarter of 2025.
599 words, about 3 min