Filing When You Have Wage Income Plus Other Income

Your employer wraps up the main job — the side income is on you to report.

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Even if your wage income was already settled at year-end, if you also have business income (side jobs, freelance work), rental income, or other income exceeding KRW 3 million a year, you must recombine everything — including your wage income — and refile the comprehensive income tax in May. The wage tax already settled counts as tax already paid, so there's no double taxation.

Combining income often pushes you into a higher progressive bracket, resulting in additional tax owed, so if you have side income it's worth estimating the extra tax in advance.

Income types you must combine

Wage income (already settled, reflected via your withholding receipt)
Business income (e.g., 3.3%-withheld freelance earnings)
Rental income (residential leasing, etc. above the relevant threshold)
Other income exceeding KRW 3 million/year (net of allowed expenses)

Under KRW 3 million in other income? You get to choose

If occasional, non-recurring other income is KRW 3 million a year or less (after allowed expenses), you can choose between separate taxation (settled by withholding alone) or combining it into the comprehensive return — whichever is more favorable. If your other income already sits in a high bracket, separate taxation is often the better choice.

Frequently Asked Questions

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