Clashes between customs and transfer pricing law highlighted in Korean case
January 05, 2012
Joe Dalton
A recent ruling by the Tax Tribunal of Korea said companies that make transfer pricing adjustments after reporting importation to customs will not be refunded.
It is therefore important for multinationals to enter into pre-importation arrangements with the Korean customs authorities to ensure they don’t lose out.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.