A simplified APA (Advance Pricing Agreement) program is to be introduced from 2015 for the conclusion of unilateral APAs by manufacturers, wholesalers, retailers or service providers with revenue under KRW 50 billion. Applicants will be able to submit a reduced amount of information and approval will be given within one year. The scope of information required will be determined in a pre-filing meeting.
Related Posts
Korea (Rep.) plans response fund to use tax windfalls for youth, AI
August 21, 2026
Korea (Rep.) plans to establish a future response fund to use additional tax revenue from strong economic periods to
Read More
Korea (Rep.) updates Pillar Two, CFC rules among other measures in 2026 Tax Reform Plan
August 06, 2026
Korea (Rep.)'s Ministry of Economy and Finance (MoEF) has unveiled its 2026 Tax Reform Plan, proposing a broad package
Read More
Argentina, Korea (Rep. of) conclude income tax treaty negotiations
August 04, 2026
Korea (Rep. of) and Argentina concluded negotiations on an income tax treaty on 31 July 2026, according to a Korean
Read More Korea (Rep of.) introduces APA fast-track, expands tax support for foreign investors
July 27, 2026
South Korea's National Tax Service (NTS) has introduced a Fast-track procedure for Advance Pricing Agreement (APA)
Read More
EU, Korea (Rep.) sign digital trade agreement
June 12, 2026
The EU and Korea (Rep.) signed a Digital Trade Agreement (DTA) during the EU-Korea (Rep.) Summit held in Brussels on 10
Read More Korea (Rep.) issues guidance on global minimum tax filing rules for MNE groups
May 06, 2026
Korea (Rep.)’s National Tax Service (NTS) issued a release on 28 April 2026 setting out Global Minimum Tax filing
Read More