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Less Than Half of Foreign Companies in S. Korea Paid Corporate Taxes in 2013: Data

Less Than Half of Foreign Companies in S. Korea Paid Corporate Taxes in 2013: Data

SEJONG, March 27 (Korea Bizwire) — Less than half of foreign-run companies operating in South Korea paid corporate taxes in 2013, data by the country’s tax office showed Friday. According to the National Tax Service (NTS), there were 1,601 companies subject to corporate taxes at the end of 2013, but only 48 percent of the businesses, or [...]

Tax Agency to Offer Privilege in Immigration Inspections for Honest Taxpayers

Tax Agency to Offer Privilege in Immigration Inspections for Honest Taxpayers

SEOUL, July 1 (Korea Bizwire) – The National Tax Service decided to offer special benefits to faithful taxpayers including Figure Queen Kim Yuna in their customs inspection allowing them to use designated inspection desks or inspection check points for flight attendants. When they use the inspection desks reserved exclusively for flight attendants, they can reduce time [...]

Tax Evaders Have Nowhere to Hide…National Tax Service

Tax Evaders Have Nowhere to Hide…National Tax Service

SEOUL, Korea, April 16, 2014 (Korea Bizwire) – According to data published by the National Tax Service on tax evasion cases that infringed on people’s livelihood, there are still so many loan sharks, private supplementary schools taking exorbitant monthly fees, and funeral parlors charging much more for coffins and burial shrouds. The government agency said [...]