Korean NTS Continues To Offer Assistance To Foreign Businesses

by Mary Swire, for LawAndTax-News.com, Hong Kong

13 March 2008

The Korean National Tax Service has flagged up several services being offered to foreign businesses with operations in the country, including a recent meeting to provide guidance on the completion of corporate tax returns, and the placement of foreign launguage assistants at several district tax offices.

The International Tax Resources Division of the National Tax Service hosted its 'Meeting with Foreign Companies on the 2008 Corporate Tax Return' on February 28th, delivering a presentation explaining what the policy direction will be for 2008, giving a general overview of corporate tax returns, and updating taxpayers with regard to the latest revisions to tax laws.

A Q&A session was also held on Korea’s international taxation policies.

Approximately 190 people attended the meeting, according to the NTS.

Earlier this month, meanwhile, it was announced that the NTS has assigned foreign-language assistants at several district tax offices nationwide, which are the most visited by foreign taxpayers.

The tax authority explained that:

"This is part of the NTS effort to help foreign taxpayers take care of their tax matters without communication difficulties."

"Foreigners can now process their tax issues more easily when issuing certificates and submitting applications, when they visit one of the...district tax offices."

District tax offices offering foreign-language assistance currently include:

• Seoul Regional Tax Office
• Jungbu Regional Tax Office
• Daejeon
• Gwangju Regional Tax Office
• Daegu Regional Tax Office
• Busan Regional Tax Office

The NTS also offers a telephone helpline service exclusively for foreign taxpayers.

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