income deductions for the self-employed
What the self-employed are able to deduce is the national pension (kungmin yôn'gûm) payment, and donations to social welfare organizations of the national or regional governments and religious organizations. Also pension savings (yôn'gûm chôch'uk) are deductable. And moreover, the more the sales are done using documentation, the more deductions can be made, and same goes with keeping books (changbu).
But I guess the small businesskeepers know how much of their sales is worth putting in books and how much is better left unrecorded - I've never known Koreans as happy taxpayers.
Categories at del.icio.us/hunjang: self-employment ∙ money