Navigation Menu

Skip to Navigation menu Skip to top of page

Korea transfer pricing documentation guide

February 01, 2008

Supplied by TP Week correspondent Kim & Chang. Report by TY Nam and Stefan Moller

There is no contemporaneous documentation requirement under current Korean tax law, but under Article 5 of the International Tax Coordination Law (ITCL) and Article 7 of its Presidential Decree, a taxpayer having international transactions with a foreign related party must submit a report on the adopted transfer pricing methodology (TPM) to the district tax office having jurisdiction over the taxpayer when filing the annual corporate income tax return.




The rest of this article is available to subscribers only. Subscribe today for full access to this article.

This
article is not available to current free trialists.

If you are already a paid subscriber, please log in below to access the rest of this article.

Email:
Password:

Remember me?
Forgot your password?