National Tax Service to Train 100 AI Experts—Establishes Three-Tier Education System with KAIST
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.
National Tax Service Excludes and Defers Regular Tax Audits for AI SMEs—'Proactive Tax Support'
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.
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
National Tax Service Chief Says 'Tax Hike Inevitable Without Adjustment to Income Tax Brackets Amid Rising Wages—Reform Needed'
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.
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
NTS Chief Says Response to 'Roh Tae-woo Slush Fund Tax Probe' Hinges on Supreme Court Divorce Ruling
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.
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.
#YonhapInfomax #NationalTaxService #TaxEvasion #RealEstate #DelinquencyManagement #FiscalRevenue #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85798
NTS Chief Vows Tough Action on Real Estate and Stock Manipulation Tax Evasion—Pledges Overhaul of Delinquency Management
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.
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=85549The 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
National Tax Service to Refund 15 Billion Won in VAT to 339 TMON Sellers Affected by Unsettled Payments
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.
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
National Assembly Finance Committee Confirms Witnesses for State Audit, Including Lotte Holdings President Koh Jung-wook
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.
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
NTS Chief - 'On-Site Tax Audits to Be Shortened and Limited to Essential Cases'
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.
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
National Tax Service Says All Tax Payment Channels, Including Bank Apps and Virtual Accounts, Operating Normally
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.
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