South Korea’s National Tax Service will exempt value-added tax on out-of-pocket payments for postnatal care vouchers, easing tax burdens for users and providers of social welfare services.
#YonhapInfomax
#NationalTaxService #VATExemption #PostnatalCareVoucher #SocialWelfareService #KwangHyunLim
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94221

South Korea's National Tax Service will conduct a comprehensive audit of 2,077 high-value apartment gift transactions in Seoul's Gangnam 4 districts and Mayongseong, targeting potential tax evasion and improper valuations amid a surge in property gifts to avoid real estate regulations.
#YonhapInfomax #NationalTaxService #GiftTax #Gangnam4Districts #RealEstateAudit #ApartmentTransactions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93936

South Korea's National Tax Service will defer regular tax audits for up to two years for foreign-invested companies expanding domestic investment, aiming to reduce tax uncertainty and attract more foreign capital.
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#NationalTaxService #ForeignInvestment #TaxAuditDeferral #AMCHAM #ImKwangHyun
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93037

The National Tax Service will refund 10.7 billion won in income tax to small business owners after newly classifying job-seeking support grants as tax-exempt, correcting years of improper taxation and providing additional support to vulnerable groups.
#YonhapInfomax #NationalTaxService #IncomeTaxRefund #SmallBusinessOwners #JobSeekingSupportGrant #TaxExemption #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92776

The National Tax Service projects South Korea's standard officetel values will fall 0.63% in 2025, marking a third straight annual decline, with commercial buildings also expected to drop 0.68% as regional disparities widen.
#YonhapInfomax #NationalTaxService #Officetel #StandardAppraisedValue #CommercialBuildings #2025Forecast #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90818

South Korea’s National Tax Service and local governments seized 1.8 billion won ($1.32 million) in cash, gold, and luxury goods from high-value tax evaders during joint raids, signaling intensified enforcement against asset concealment and habitual delinquency.
#YonhapInfomax #NationalTaxService #TaxEvasion #AssetSeizure #LuxuryGoods #JointRaids #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90043

The National Tax Service will train 2,000 employees in AI and develop 100 AI experts through a three-stage program with KAIST, aiming to drive innovation in tax administration.
#YonhapInfomax #NationalTaxService #AITraining #KAIST #TaxAdministration #KwanghyunLim #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=87462

The National Tax Service will exempt or defer regular tax audits for over 4,800 AI SMEs, prioritizing R&D tax credits and liquidity support to foster sector growth.
#YonhapInfomax #NationalTaxService #AISME #TaxAudit #RDTaxCredit #LiquiditySupport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=87192

South Korea's National Tax Service chief has called for reforming income tax brackets, warning that rising wages without bracket adjustments will lead to a de facto tax hike for workers; inflation-indexed tax reform is seen as a long-term task.
#YonhapInfomax #NationalTaxService #IncomeTax #TaxBrackets #WageGrowth #TaxReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85857

South Korea's National Tax Service will determine its response to a potential tax probe into former President Roh Tae-woo's slush funds based on the Supreme Court's divorce ruling involving SK Group Chairman Chey Tae-won, as the court questioned the legitimacy of the disputed assets.
#YonhapInfomax #NationalTaxService #RohTaeWoo #SlushFund #SKGroup #SupremeCourtRuling #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85832

South Korea’s National Tax Service chief Lim Kwang-hyun pledged strict enforcement against tax evasion in real estate and stock manipulation, announcing audits on 104 suspects and a sweeping overhaul of delinquency management to secure stable fiscal revenue amid economic uncertainty.
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#NationalTaxService #TaxEvasion #RealEstate #DelinquencyManagement #FiscalRevenue
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85798

South Korea's National Tax Service refunded over 34 trillion won ($24.1 billion) in erroneous tax charges over five years, with most refunds initiated by taxpayer claims, highlighting ongoing challenges in tax assessment accuracy.
#YonhapInfomax #NationalTaxService #TaxRefunds #ErroneousTaxation #ChoSeungRae #SouthKoreaFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=85549

The National Tax Service will refund 15 billion won ($11 million) in VAT to 339 TMON marketplace sellers who suffered losses from unpaid settlements, following a court-approved rehabilitation plan for TMON.
#YonhapInfomax #NationalTaxService #TMON #VATRefund #BadDebtDeduction #15BillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84543

The National Assembly’s Strategy and Finance Committee has confirmed key witnesses, including Lotte Holdings President Koh Jung-wook, for next month’s state audit, with lawmakers set to question corporate governance and labor issues.
#YonhapInfomax #LotteHoldings #StateAudit #PriceToBookRatio #DividendPolicy #NationalTaxService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84153

South Korea’s National Tax Service will limit on-site tax audits to essential cases and shorten their duration, aiming to create a more business-friendly environment for SMEs and drive economic growth.
#YonhapInfomax #NationalTaxService #TaxAudit #SMEs #BusinessEnvironment #RDTaxCredits #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84151

The National Tax Service announced that all national tax payment channels, including bank apps and virtual accounts, have resumed normal operations following a fire-related disruption, with Hometax and other systems unaffected and contingency monitoring ongoing.
#YonhapInfomax #NationalTaxService #TaxPayment #Hometax #DigitalBudgetSystem #SystemRestoration #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83869

South Korea’s National Tax Service has launched tax probes into 55 companies in the processed food, agriculture, restaurant, and event sectors for allegedly inflating costs and evading taxes amid rising consumer prices.
#YonhapInfomax #NationalTaxService #TaxEvasion #ProcessedFood #ConsumerPrices #Franchise #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83431

South Korea uncovered over 5 trillion won ($3.7 billion) in stock market tax evasion over five years, with authorities targeting unfair capital increases, mergers, and excess dividends, according to data from lawmaker Kim Young-jin.
#YonhapInfomax #TaxEvasion #NationalTaxService #StockMarket #CapitalIncrease #ExcessDividends #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82064

The National Tax Service will provide real-time freelancer income data to the National Health Insurance Service, streamlining health insurance premium adjustments and supporting broader welfare policies.
#YonhapInfomax #NationalTaxService #FreelancerIncome #NationalHealthInsuranceService #PremiumAdjustment #RealTimeData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81856

The National Tax Service will refund 198.5 billion won ($150 million) in income tax to 1.47 million platform workers, including delivery riders, as part of efforts to ease the tax burden on low-income earners and review the current withholding tax rate.
#YonhapInfomax #NationalTaxService #IncomeTaxRefund #PlatformWorkers #WithholdingTax #1985BillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81038