Tax

Standard Tax Credit (KRW 130,000 per Year) (표준세액공제): How to Apply, Amount & Eligibility (2026)

A tax credit of KRW 130,000 per year if you do not claim special income deductions, special tax credits or the monthly rent deduction

This page is a translation of the Korean original and is for reference only. The official Korean guidance is the authoritative source for amounts and conditions, so be sure to confirm on the official website before applying. View Korean original (한국어)

Benefit: Residents with earned income who do not claim special income deductions, special tax credits (insurance premiums, medical expenses, education expenses, donations) or the monthly rent tax credit receive a KRW 130,000 per year credit from calculated tax. If the total of the deductions you claim is less than KRW 130,000, the standard tax credit is more favorable; the two cannot be applied together. Not available to non-residents.
Who is eligible: Residents with earned income (excluding daily workers)
When to apply: Determined automatically at year-end tax settlement
How to apply: Company year-end tax settlement or Hometax simulation
Important notes: No application (the more favorable method is applied automatically)
Note: National Tax Service guidance includes health and employment insurance premiums, housing lease loans and long-term mortgage loans in the scope of special income deductions. Hometax simulation automatically selects the more favorable option.

Go to the official guide →

Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.

Frequently asked questions

Standard Tax Credit (KRW 130,000 per Year) (표준세액공제): who can receive it?

Residents with earned income (excluding daily workers)

Standard Tax Credit (KRW 130,000 per Year) (표준세액공제): how do I apply?

Company year-end tax settlement or Hometax simulation

Standard Tax Credit (KRW 130,000 per Year) (표준세액공제): how much will I receive?

Residents with earned income who do not claim special income deductions, special tax credits (insurance premiums, medical expenses, education expenses, donations) or the monthly rent tax credit receive a KRW 130,000 per year credit from calculated tax. If the total of the deductions you claim is less than KRW 130,000, the standard tax credit is more favorable; the two cannot be applied together. Not available to non-residents.

Standard Tax Credit (KRW 130,000 per Year) (표준세액공제): when can I apply?

Determined automatically at year-end tax settlement