Tax Brief 2016 May 

English version of tax update for foreign companies.
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  1. Ministry of Strategy and Finance (“MOSF”) promulgated a notification stipulating corporations subject to creation of an integrated report on April 14.
  2. Tax credit for R&D investment in new industries, such as IoT, Smart Car, and Bio, is available.
  3. The Supreme Court ruled on determination regarding the controlling shareholder liable for deemed acquisition tax.