• Foreign Companies in Korea Have New Requirements to Claim Tax Treaty Benefits: Nair & Co.
  Foreign companies that are beneficial owners of Korean-sourced income must now submit an application to their withholding agents before they receive any income, in order to claim any tax treaty benefits. Nair & Co provides complete Korea tax treaty benefits.
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• South Korea Announces Tax Hike; Business Entities in the Country Affected
  The South Korean government has announced changes to its tax laws that would increase tax rates for both large businesses operating in the country and employees. The new law changes are expected to increase South Korean tax revenues by KRW 1.8 Trillion and raising taxes on capital gains and tax rates.
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• South Korea Business Guide
  South Korea Business Guide - Nair & Co. helps organization set up and operate in South Korea with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on South Korea employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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• South Korea Changes Reporting Guidelines for Foreign Exchange Transactions
  The Ministry of Strategy and Finance (MOSF) of South Korea has set forth the following provisions in a way to strengthen the administration related to foreign exchange transactions and prevent tax avoidance.
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• South Korea Enacts Tax Revision Bill: Update from International Tax Compliance Services Team
  The South Korean government passed the Tax Revision Bill in January 2013, which brings in significant changes to corporate and individual taxation provisions, for companies and foreign nationals working in the country, says Nair & Co.’s International Tax Consulting Team.
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• South Korea to Reduce Corporate Tax for Mid-sized Companies
  The Korean government announced plans to reduce the top marginal corporate tax rate to 20% for companies with tax bases between 200 million won and 50 billion won in 2012.
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