• Service: Tax
  • Type: KPMG information, Press release
  • Date: 5/22/2012

Tax Brief 2012 April 

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I. Tax Trend
Ministry of Strategy and Finance (“MOSF”), “Tax Cut More Desirable than Tax Increase to Become a Small but Strong Country”

National Tax Service (“NTS”) establishes Indefinite High Value Tax
Delinquents Pursuit Team

Tax Authorities plan intense audits for Big Conglomerates


II. Major recent tax court cases and
authoritative rulings

(1) Determination of tax resident status (Daebub 2010 Du 19393, 2012.01.27)
(2) Minimum tax application on R&D tax credit carry over in regard to corporate status change of Small and Medium size Enterprises (“SME”) (Tax incentive policy bureau of the
MOSF-36, 2012.01.20)
(3) Qualification of independent business unit
(Bubinsaegwa-25, 2012.01.09)


III. Tax Topics
Increase of scope for R&D tax credits to include service sector
Consigned and re-consigned R&D applicable for R&D tax credits