What's New
  • Introduction of deemed interest rate for fund transaction with overseas related companies
  • CKC
    Views: 12235, 2017.08.02 18:52:46
  • Introduction of deemed interest rate for fund transaction with overseas related companies

     

    (Current)

    • Ordinary interest rate applicable to 3rd parties

     

    (New)

    • Ordinary interest rate applicable to the 3rd parties, or

      Deemed fair interest rate set in Ordinance of the Ministry of Planning and Finance, in

      Consideration of base interest rate and procurement interest rate etc country by country

    • 12 months LIBOR rate + 15/1,000 for loan received from overseas related company

    • 4.6% per annum for loan provided to overseas related company

    • Taxpayer can choose one of two above.

     

    (Effective date)

    This change is effective to the fund transaction occurred from February 7, 2017

     

Comment 0 ...

No.
Subject
107 431 2018.09.17
106 596 2018.09.07
105 1996 2018.07.31
104 2054 2018.07.12
103 3343 2018.05.28
102 3138 2018.05.16
101 3282 2018.05.14
100 12523 2017.08.18
99 11258 2017.08.03
12235 2017.08.02
Tag
  • INAA GROUP
  • Compandben SA
  • High Street Partners
  • Invest Korea
  • Seoul Global Center
  • Knowing about Korea
  • National Tax Service
  • Minstry of Labor
  • National health Insurance
  • National Pension Service
  • Compensation & Welfare Service