Korea

Details

  • Type: KPMG information, Press release
  • Date: 2/25/2011

Tax Brief 2011 February 

2011-02-Tax-Brief
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I. Forced Exit for Insolvent Electronic Tax Invoice Businesses

II. Recent rulings and court cases
1. Revised tax return of bad debt loss (JoSim
2009Juhn3430, 2010.12.31)
2. Non-deductible expense in accordance with
the Thin Capitalization Rule (JoSim2010Suh1863,
2010.12.31)
3. Domicile Test (RealEstateTransaction-1537,
2010.12.30)
4. Substantial Independence Test for SMEs
(Beopin-1205, 2010.12.30)

 

III. Tax Topic
1. Differences between IFRS and CITL regarding
impairment of assets
2. Major tax issues