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KOREAN TAX AGENCY TO REOPEN CORPORATE TAX PROBES IN H2.

AsiaPulse News

| June 02, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 2 Asia Pulse - South Korea's tax agency today said it will resume regular corporate income tax probes in the second half in an effort to manage tax sources.

In March, the National Tax Service (NTS) decided to put off periodic audits of corporate income taxes slated for the first half, citing difficult economic situations.

"The NTS will resume corporate income tax probes in the second half as part of efforts to control corporate taxpayers," an NTS official said.

Firms that have not undergone NTS audits for years and are suspected of filing dishonest tax ...

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Source: HighBeam Research, KOREAN TAX AGENCY TO REOPEN CORPORATE TAX PROBES IN H2.

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