Korea

Details

  • Type: KPMG information, Press release
  • Date: 1/20/2014

Tax Brief 2013 August 

 
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I. Tax Trend
Seoul Administrative Court announces that expenses incurred for re-consigned R&D activities are all eligible for R&D tax credit benefits

 

II. Recent precedents and rulings
(1) Taxable period of the hybrid securities issuance cost as deductible expense (Bupgyubupin 2013-62, 2013.05.15)
(2) Legitimacy of merger on not issuing new shares for combined shares purchased prior to the merger (Seomyunbupkyu-564, 2013.05.16)
(3) Application of zero rate VAT for construction design service provided to domestic construction company for construction project in overseas (Buga-469, 2013.05.28)
(4) Application of Value added tax on sales of goods directly made from merchants overseas (Bupkyubuga 2013-163, 2013.05.28)

 

III. Tax Topic
1. Summary
2. Definition of Retirement Pension
3. Tax Treatment of Defined Benefit Retirement Pension, etc.