Korean Tax Newsletter (January, 2006)
Korean Tax Newsletter is a monthly publication of Deloitte Anjin LLC.
The contents is as below, please see attached file.
Revision to Tax Law and Presidential Decrees
- Revisions to Tax Laws effective as of January 1, 2006
- Proposed Revisions to Presidential Decrees effective as of January 1, 2006
Developments at Tax Authorities
- Tax audits on 116 large enterprises with more than 30billion won sales volume
Recent Tax Rulings and Cases
- Recognition of income for restricted stocks
- VAT payment by proxy of a Korean branch of a foreign bank
- Whether or not an Equity Linked Warrant is subject to Securities Transaction Tax