Tax

Earned Income Tax Credit (근로소득세액공제): How to Apply, Amount & Eligibility (2026)

55% of calculated tax up to KRW 1,300,000, 30% of the excess (limit by gross salary: KRW 740,000 to KRW 200,000)

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: A 55% credit applies to calculated tax up to KRW 1,300,000; for the excess, KRW 715,000 + 30% of the amount above KRW 1,300,000. Limits: KRW 740,000 for gross salary up to KRW 33,000,000; for gross salary up to KRW 70,000,000, KRW 740,000 - (gross salary - KRW 33,000,000) x 0.008 (minimum KRW 660,000); for gross salary up to KRW 120,000,000, KRW 660,000 - (gross salary - KRW 70,000,000) x 1/2 (minimum KRW 500,000); above that, KRW 500,000 - excess x 1/2 (minimum KRW 200,000).
Who is eligible: Residents with earned income (excluding daily workers)
When to apply: Reflected automatically in year-end tax settlement (January-February each year, for the previous year's income)
How to apply: Applied automatically in your company's year-end tax settlement. Check with the Hometax (hometax.go.kr) year-end tax settlement preview and simulation
Important notes: No application. If missed, correct it through the May comprehensive income tax filing or an amended return request
Note: Applied automatically in year-end tax settlement, so no separate application is needed. Daily workers are not subject to year-end tax settlement.

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

Earned Income Tax Credit (근로소득세액공제): who can receive it?

Residents with earned income (excluding daily workers)

Earned Income Tax Credit (근로소득세액공제): how do I apply?

Applied automatically in your company's year-end tax settlement. Check with the Hometax (hometax.go.kr) year-end tax settlement preview and simulation

Earned Income Tax Credit (근로소득세액공제): how much will I receive?

A 55% credit applies to calculated tax up to KRW 1,300,000; for the excess, KRW 715,000 + 30% of the amount above KRW 1,300,000. Limits: KRW 740,000 for gross salary up to KRW 33,000,000; for gross salary up to KRW 70,000,000, KRW 740,000 - (gross salary - KRW 33,000,000) x 0.008 (minimum KRW 660,000); for gross salary up to KRW 120,000,000, KRW 660,000 - (gross salary - KRW 70,000,000) x 1/2 (minimum KRW 500,000); above that, KRW 500,000 - excess x 1/2 (minimum KRW 200,000).

Earned Income Tax Credit (근로소득세액공제): when can I apply?

Reflected automatically in year-end tax settlement (January-February each year, for the previous year's income)