The government saw an increase in tax revenue in August, but has collected 17 trillion won ($14.8 billion) less in taxes over the last eight months compared to a year earlier as companies and small businesses struggle with the coronavirus pandemic.
The National Tax Service on Monday said it is currently investigating 812 wealthy people suspected of being repeated tax offenders. Not only will they actively track down offenders, but also look into the financial status of relatives.
With the government planning to increase taxes on retail investors, Koreans are scrambling to offload their stocks in a bid to evade the new charges.
Law firm Shin & Kim vowed to strengthen its international tax practice with four new recruits, including a new team leader.
Land Minister Kang Ho-in under the previous Park Geun-hye government was often criticized for being “too lukewarm” in real estate policy. When the new apartment offering market was overheated during his early days in office, he...
etflix and Delivery Hero, which acquired Baedal Minjok last year, are being investigated by the National Tax Service (NTS) for tax evasion as the authorities look into transfer pricing schemes and other methods used to shift profits.
CHANG CHUNG-HOONWith Covid-19 spreading again, our daily lives are under threat once more. In recent weeks, more than 3,800 new cases have been confirmed. Everyone feels anxious and uncomfortable. But new cases in the capital...
With Covid-19 spreading again, our daily lives are under threat once more. In recent weeks, more than 3,800 new cases have been confirmed. Everyone feels anxious and uncomfortable. But new cases in the capital region started to...
CJ Group Chairman Lee Jay-hyun took his tax bill to the Supreme Court — and won.
The nominee to head the National Tax Service (NTS) stressed that he would focus on cracking down on illegal real estate activity and look into any tax dodging involving pastor Jun Kwang-hoon, whose church is at the center of the Covid-19 resurgence.