Korea M&A Corporation

Tax avoidance ways in Korea 본문

Law&Tax&Accounting/Korea

Tax avoidance ways in Korea

Korea M&A 2005. 12. 28. 15:31
There are many ways to avoid tax in Korea.
I will introduce you two ways to avoid tax.
Recently many hedge funds executed it like this.
1. Purchasing a building through new establishing korean company and sell stocks of that company to buyer. Then the tax of stock exchange is 10% of capital gain. This rate is much lower than tax from estate transfer.
2. Investment in Tax heaven which contracted alliance of prohibiting double taxation and investment in Korea through Tax heaven (Mainly Labuan, Cayman and begium etc)
Comments