English version of tax update for foreign companies.
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- The Supreme Court, the interior construction cost paid by the shopping mall to certain store is not considered as an entertainment expense.
- Real estate fund industry lost the first trial based on KRW 160 million of acquisition tax.
- An announcement that tax incentives for foreign-invested companies will be completely revised in 55 years.
- VAT-exempted business, electronic invoice issuance is required from next month.