Economy
Writers, freelancers to pay more taxes from April
Feb. 28, 2018
Writers, consultants and public speakers, among others, will have to pay more taxes for their work starting from April, according to revised tax laws.Currently, a 4.4 percent withholding tax is applied to fees for speeches, consulting and contribution articles. The rate will rise to 6.6 percent starting from April 1, and further go up to 8.8 percent in 2019. In addition, only 70 percent of fees derived from paid speeches, books and consulting will be deemed as expenses starting from April. The p