Korea

Details

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

Tax Brief 2011 July 

2011-07-Tax-Brief
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I. Tax Trend


(1)Agricultural and Fishery tax-exemption on faithful compliance registration deduction
(2)Unification of Local Tax Reduction/Exemptions to the Special Local Tax Control Act.

 

II. Recent Rulings and Court Cases


(1)Amended Tax Invoices(Buga-547, 2011.05.25)
(2)Earned Income Received at Time of Retirement(Sodeuck-435,2011.05.27)

 

III. Tax Topic


Major Korean tax issues due to the IFRS adoption
(1)Investment into Relate Company
(2)Key tax issues