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Customs Agency Strengthens Crackdown on E-Cigarette Tax Evasion

Customs Agency Strengthens Crackdown on E-Cigarette Tax Evasion

SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s customs agency announced a plan to strengthen the crackdown on individuals evading taxes on imports of liquid-type e-cigarettes made of tobacco leaves by falsely reporting that they are made of synthetic nicotine. The Korea Customs Service said Thursday it had developed a high-precision analysis method to identify [...]

Religious Organizations Still Pay Significantly Less Taxes than Wage Workers

Religious Organizations Still Pay Significantly Less Taxes than Wage Workers

SEOUL, Sept. 26 (Korea Bizwire) — The effective tax rate among religious institutions is still low despite a new taxation policy for religious organizations, tax agency data showed Sunday. Rep. Jang Hye-young of the Justice Party referred to a National Tax Service report indicating that the effective tax rate for religious organizations in 2020 was [...]

Customs Agency Mulls Strengthening Tax Obligation for Overseas Direct Purchase Agents

Customs Agency Mulls Strengthening Tax Obligation for Overseas Direct Purchase Agents

SEOUL, Aug. 16 (Korea Bizwire) — South Korean customs agency reviewing the idea of strengthening the tax obligation for the nation’s overseas direct purchase agents. The Korea Customs Service said Monday that it has outsourced a study on the direction of customs administration in response to changes in the e-commerce environment. In the request for [...]

Tax Agency Ordered to Return 11.3 bln Won to Samsung over Taxation Suit

Tax Agency Ordered to Return 11.3 bln Won to Samsung over Taxation Suit

SEOUL, March 20 (Korea Bizwire) — The Supreme Court has ordered tax authorities to refund Samsung Electronics Co. 11.3 billion won (US$9.3 million) in undue corporate taxes from a former patent deal with U.S. software giant Microsoft Corp., court officials said Sunday. Samsung filed the complaint against local tax officials, who purported that the South [...]