Korea

Details

  • Service: Tax
  • Type: KPMG information, Publication series
  • Date: 9/30/2015

Tax Brief 2015 September 

English version of tax update for foreign companies.
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  1. Annual limitation of utilizing carried forward tax loss
  2. Restriction of deductible expenses for work-related car
  3. Strengthened test for real property shares owned by foreign company or foreigner
  4. Withholding obligation to domestic company on foreign secondee who is high income earner
  5. Reciprocity in services provided to non-resident or foreign company subject to zero-rated VAT
  6. Exclusion of B2B transaction from the scope of electronic service provided by foreign company or non-resident subject to VAT