THE INVESTOR

메뉴열기
August 23, 2019

NTS to delay tax audits of smaller firms affected by Japan’s export curbs

PUBLISHED : August 05, 2019 - 13:20

UPDATED : August 05, 2019 - 13:21

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms


South Korea’s tax agency said Aug. 5 it will delay its audits of smaller companies affected by Japan’s export curbs in a move to help them overcome their difficulties in the escalating bilateral trade row.

The National Tax Service said tax audits of companies with annual sales less than 150 billion won ($124.6 million) would be delayed if they suffer damages from the Japanese move.


The tax agency carries out regular tax audits of large companies every five years on average, but the frequency of tax probes may differ for smaller firms.

The tax agency also said it plans to accept smaller firms’ requests to extend a deadline for paying taxes or delay tax payments.

By Ram Garikipati and newswires (ram@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.