Yong Whan Choi, Kyu Dong Kim, Ellie Jin, and Hyeon Jeong from our Korean member firm Yulchon, have contributed exclusively to the Korean chapter of the tenth edition of the Comparative Tax Guide published by Legal 500.
The chapter includes detailed sections on:
South Korean tax legislation and amendment processes
Principal administrative obligations for taxpayers, including filing and record-keeping
Key tax authorities and dispute resolution procedures
Corporate and personal income taxation, VAT, and withholding taxes
Cross-border taxation, transfer pricing, and controlled foreign corporation (CFC) rules
Anti-avoidance measures, including GAAR and the substance-over-form principle
OECD BEPS implementation, including Pillars 1 and 2
Taxation of dividends, capital gains, land, royalties, and employment income
Special regimes, including group consolidation, IP incentives, and investment zones
Advantages and challenges for international groups operating in Korea
