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Guidance on CbC reporting requirements
The Korean tax authorities have adopted the requirements to comply with the country-by-country (CbC) reporting in line with the recommendations by the Organization for Economic Co-operation and
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The Korean National Tax Service (“NTS”) recently announced new tax audit measures intended to improve predictability and reduce administrative burdens for taxpayers. Beginning in April 2026,
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Introduction of hourly use of annual leave and special provisions on recess (effective May 7, 2027 & November 7, 2026, respectively)
On December 30, 2025, labor, management, and the government reached an agreement through the “Task Force for Actual Working Hours Reduction Roadmap” .....
TAX & BPO Update
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