SME Youth Employment Income Tax Reduction (90%) Calculator
Estimate your income tax refund for the 90% youth tax reduction at small/medium businesses (up to ₩2M a year)
Calculates the income tax reduction refund for young workers (ages 15–34) at small and medium enterprises in Korea, who qualify for a 90% tax cut capped at 2,000,000 won a year.
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How to use
- Choose whether you qualify as youth (90%) or a general applicant (70%).
- Enter your annual salary and determined tax amount to see your reduction refund.
FAQ
- Does military service get subtracted from my age?
- Yes. Your time in mandatory military service (up to 6 years) is subtracted when checking whether you're over the age-34 cutoff.
- How many years does the reduction last?
- It applies for 5 years from your first day of employment (up to 6 additional years if you served in the military).
- Does every industry qualify?
- No. Some sectors — like finance, insurance, and certain entertainment/service businesses — are excluded, so check your employer's industry classification first.