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Old 16th November 2015, 03:37 AM   #1
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Join Date: Nov 2014
Posts: 107
Default Anatomy Of Transfer Pricing

Credit to: Tax News : Anatomy of transfer pricing

Currently 15,980 foreign companies are operating in Korea. While hiring workers and producing goods and services, foreign investors encounter numerous difficulties and experience a variety of grievances. One particular grievance brought to our attention is that they suffer from a discrepancy between the value of imported goods assessed by the Korea Customs Service (KCS) and the value of the same goods calculated by the National Tax Service (NTS). They request that the two prices be the same, but this is not easy although not impossible.

Multinational enterprises (MNEs) engage in cross-border transferring of goods between affiliated companies. For this sort of transaction, the parent company usually controls the transfer price which may at times significantly deviate from a fair market value. They try to reduce their overall tax liability to a minimum by using international double taxation agreements and other strategies. They keep their tax liabilities low in high-tax countries and high in low-tax countries.
hhhhmmm be informed guys.

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Old 23rd December 2015, 12:39 AM   #2
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Join Date: Sep 2014
Posts: 120

It is always advisable to consult with the experts in financial consulting so as to get the right solution with respect to the transfer pricing norms. This is in fact very important for business growth. Piterion is a right consultant should you wish to get the best advice as of now.

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