Foreign employees in South Korea, excluding daily workers, must settle year-end taxes for 2023 wages by February, aligning with deadlines for South Korean workers, the National Tax Service (NTS) announced Monday. Workers can file through a one-stop service by consenting on Hometax by January 15. Foreign workers benefit from provisions like a 19% flat tax rate for up to 20 years and deductions for engineers and educators under tax treaties, but they cannot claim home-purchase savings deductions. In 2023, tax paying foreign workers rose 12.3% to 611,000, reaching a five-year high, with Chinese nationals forming the largest group at 21.1%. Despite this, reported taxes fell 2.5% to KRW1.16 tr (USD798m), with an average annual salary of KRW32.78m.