Korea, South News

Asia-Pac's Tax Take Dropped, Even Before COVID-19: Report
by Mary Swire, Tax-News.com, Hong Kong
Friday, August 6, 2021
Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report. Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, October 20, 2020
The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

Korea Announces COVID-19 Tax Reliefs To Buoy Economy
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, March 17, 2020
South Korea has announced a package of tax measures to buoy the economy amid the spread of COVID-19, with KRW7 trillion (USD5.9bn) of the KRW20 trillion stimulus package containing tax measures. Read Full Story

Korea Enacts 2019 Tax Revision Bill
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, January 15, 2020
The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

New Zealand Tops World Bank's 'Doing Business' 2020
by Mary Swire, Tax-News.com, Hong Kong
Friday, November 8, 2019
New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Read Full Story

Korea To Ease Tax Rules For Exporters To Japan
by Mary Swire, Tax-News.com, Hong Kong
Thursday, August 8, 2019
South Korea's Government has announced that it will provide tax relief to small and medium size businesses that have been affected by Japan's decision to remove 159 South Korea products from its export "white list." Read Full Story

Switzerland Begins Sharing Tax Data Internationally
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 12, 2018
Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard. Read Full Story

EU Removes Bahamas, Saint Kitts From Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Monday, June 4, 2018
The EU on May 25 removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions. Read Full Story

S Korea Issues Guide For Foreign Taxpayers
by Mary Swire, Tax-News.com, Hong Kong
Friday, May 4, 2018
South Korea's National Tax Service has released guidance in English for foreign taxpayers to comply with their South Korean tax affairs. Read Full Story

OECD Personal Tax Burden Crept Higher Still In 2017
by Ulrika Lomas, Tax-News.com, Brussels
Friday, April 27, 2018
Belgium, Denmark, and Germany have the highest personal income tax burdens, at over 35 percent, among OECD countries, according to the latest OECD Taxing Wages report, which says that just over half of countries made small increases to their average personal tax rates last year. Read Full Story
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