What's New
  • Introduction of deemed interest rate for fund transaction with overseas related companies
  • CKC
    Views: 4537, 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
100 4419 2017.08.18
99 3995 2017.08.03
4537 2017.08.02
97 6107 2017.07.05
96 6204 2017.07.04
95 5751 2017.06.21
94 6106 2017.06.19
93 6311 2017.06.16
92 17163 2016.09.19
91 17819 2016.09.06
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