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Korea, South News

EU Tax Blacklist To Be Slimmed By Nine

by Ulrika Lomas,, Brussels

Monday, January 22, 2018

At its meeting on January 22, the EU Council is to remove Barbados, Grenada, South Korea, Macao, Mongolia, Panama, Tunisia, and the United Arab Emirates from the EU's list of non-cooperative jurisdictions in taxation matters, according to an agenda released prior to the meeting. Read Full Story


Korea Legislates For BEPS 5 Minimum Standard

by Mary Swire,, Hong Kong

Wednesday, January 17, 2018

Among amendments announced recently to the country's tax reform plans, South Korea has legislated to exchange information received from taxpayers as part of applications for advance pricing agreements. Read Full Story


Tourists To Korea To Benefit From VAT-Free Hotel Stays

by Mary Swire,, Hong Kong

Thursday, January 11, 2018

Tourists staying in Korean hotels in 2018 will generally be able to reclaim the 10 percent value-added tax on the cost of their accommodation.

Read Full Story


South Korea Sets Out This Year's Tax Policy Direction

by Mary Swire,, Hong Kong

Tuesday, January 2, 2018

The South Korean Government has indicated that it will seek to enhance certain business tax incentives in 2018 and review property taxation. Read Full Story


China Confirms Numerous Trade Duty Changes From 2018

by Mary Swire,, Hong Kong

Tuesday, December 19, 2017

China intends to implement numerous changes to its trade tariffs from January 1, 2018, to ensure domestic businesses have access to inputs and equipment and to implement changes in prior international agreements. Read Full Story


Korean FTA Helping To Boost Australian Exports

by Mary Swire,, Hong Kong

Wednesday, December 13, 2017

Australia's Trade Minister, Steven Ciobo, has hailed the success of the country's free trade agreement with Korea, which he said has boosted exports during its three years of operation. Read Full Story


EU Accused Of Tax Blacklist Hypocrisy

by Ulrika Lomas,, Brussels

Monday, December 11, 2017

An umbrella body for non-governmental organizations in Finland has criticized the European Union for not including member states on its tax blacklist when several EU countries have laws in place that encourage corporate tax avoidance. Read Full Story


South Korean Budget Aims For Tax 'Fairness'

by Mary Swire,, Hong Kong

Thursday, December 7, 2017

South Korea's highest-earning companies will see their tax rate rise from 22 percent to 25 percent next year, as part of President Moon Jae-In's commitment to reducing economic inequality. Read Full Story


Offshore IFCs Absent From EU's New Tax Blacklist

by Ulrika Lomas,, Brussels

Tuesday, December 5, 2017

EU member states have agreed to a new EU list of non-cooperative tax jurisdictions, featuring 17 jurisdictions and notably relatively few offshore financial centers. Read Full Story


US Trade Commission Recommends Tariffs On Korean Washers

by Mike Godfrey,, Washington

Tuesday, November 28, 2017

The US International Trade Commission has unanimously recommended tariffs of up to 50 percent on large washers imported from Korea. Read Full Story



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