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

Tax Brief 2011 July 

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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