Korea

Details

  • Type: KPMG information, Press release
  • Date: 11/10/2011

Tax Brief 2011 May 

2011-05-Tax-Brief
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I. Tax Trend


(1)Ministry of Strategy and Finance has announced enhancements to the incentive system for taxpayers which have faithfully performed tax compliance.
(2)Easing of Dividend Income Tax Burden for Corporations


II. Recent Rulings and Court Cases


(1)Non-listed Company Stock Evaluation(Jaejaesan-240, 2011.04.05)
(2)Education Tax Base (Josim 2010Seo2270, 2011.3.31)


III. Tax Topic


Major Korean tax issues due to the IFRS adoption
(1)Derivatives
(2)Key tax issues