Disclaimer: This article provides general information only and does not constitute tax or legal advice. Please consult a qualified tax professional for your specific situation.
Airbnb rental income in Korea is generally classified as business income and must be reported in the annual comprehensive income tax (종합소득세) filing each May. This guide covers the essentials every host needs to know.
Tax Brackets (2025)
| Taxable Income | Rate |
|---|---|
| Up to ₩14M | 6% |
| ₩14M – ₩50M | 15% |
| ₩50M – ₩88M | 24% |
| ₩88M – ₩150M | 35% |
Key Deductible Expenses
Airbnb service fees (15.5%), cleaning costs, repairs, utilities, supplies, insurance, and depreciation can all be claimed as deductible business expenses. Keep all receipts.
Filing Deadline
The annual comprehensive income tax filing window is May 1–31 each year via the NTS Hometax portal (hometax.go.kr). Failure to file incurs a 20% penalty plus late payment interest.