• Service: Tax
  • Type: KPMG information, Press release
  • Date: 6/26/2012

Tax Brief 2012 June 

Download Now
PDF files require Adobe Reader to view
I. Tax Trend
Chasing delinquent taxes of the owners of conglomerates to loan sharks
Exemplary taxpayers to reap collateral-free loan benefits

II. Recent tax rulings
VAT treatment on the transfer of an intangible asset registered, used and consumed outside of Korea (Buga-437, 2012.04.17)
Applicability of the rule, “Denial of unfair transaction” to an uneven capital increase of a foreign corporation (Bubin-267, 2012.04.13)
A service recipient to be stated under an invoice for VAT purposes where an agent enters into a lease agreement with a lessor on behalf of a lessee (Bubgyububin2012-98, 2012.04.17)

III. Tax Topic – Permanent Establishment
Ordinary PE
Deemed PE
Filing of a PE