Individual Income Tax Exemption for Participants in the PyeongChang 2018 Olympic and Paralympic Winter Games

■ Individuals eligible for the Individual Income Tax Exemption

 

A non-resident who participates in the PyeongChang 2018 Olympic and Paralympic Winter Games (the “Games") or performs activities related to the Games operations, can apply to the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games ("POCOG") for exemption status from the Korean individual income taxation.

 

Individuals eligible to apply for the individual income tax exemption are as follows:

 

Who participates in the Games or performs activities related to the Games operations

Members, executives and staff of the foreign-domiciled legal entities (IOC and other Olympic related organizations)

Athletes, coaches, trainers, referees, and technical officials

Individuals participating in the Games or perform activities related to the Games operation including performers

 

The following individuals are deemed to be non-residents even if they stay in Korea for 183 days or more (until December 31, 2018):

Executives and staff of broadcasters holding exclusive rights (RHBs), Olympic Broadcasting Services (OBS)

Executives and staff of Games timing and scoring company (OMEGA), Games management information system company (Atos)

 

 

■ Application procedure for the Individual Income Tax Exemption

 

Eligible individuals shall fill out the information required on the application form and submit the application form together with the supporting documents to the relevant POCOG Functional Area (“FA”).

 

Required documents may include:

Application for participating the Games or performing activities related to the Games operations (Korean or English)

A photo copy of the passport

Document for the proof of stay in Korea (e.g. Flight tickets, etc.)

Official document proving the participation of applicant in the Games (e.g. Employment contract)

 

Each (relevant) FA will collect the required documents including application for the individual income tax exemption and submit them to POCOG FIN on a regular basis.

 

 Status of the POCOG recognition will be notified to each FA.