Korean insights & regulatory updates - Issue 3: September 2021
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Korean insights & regulatory updates - Sep 2021
The proposed tax reform for 2021 includes several items that are significant for foreign-invested companies:
reporting requirements for liaison office, extension by 2 years of the “flat” rate scheme for foreign workers, clarifications around transfer pricing method during this Covid-19 situation...
Other topics covered by our letter are more of a technical nature, covering payroll (such as the newly required information on payslips) and some audit requirements.
We hope you enjoy reading this regulatory update.
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