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  • Interest paid to overseas related company is limited by adjusted taxable income
  • CKC
    Views: 8828, 2018.11.14 15:13:38
  •  

    Interest paid to overseas related company is limited by adjusted taxable income

     

    (Current)

    • No regulation

     

    (New)

    • Interest paid to overseas related company is limited to 30% of adjusted taxable income;

    • Adjusted taxable income is taxable income plus depreciation plus net interest paid to

      overseas related company;

    • Compared with the current thin capital tax system, bigger non-taxable amount will be applied.

       

      (Effective date)

    This change is effective to the financial year started from January 1, 2019

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Tag
  • INAA GROUP
  • Compandben SA
  • High Street Partners
  • Time of submission
  • Seoul Global Center
  • Knowing about Korea
  • National Tax Service
  • Minstry of Labor
  • National health Insurance
  • National Pension Service
  • Compensation & Welfare Service