Under ever-changing business circumstances, extensive experience and in-depth knowledge of accounting, tax laws as well as other business regulations are required to perform and deliver an effective tax health-check. Our tax health check practice is comprised of multi-disciplinary professionals including accountants, economists, industry specialists and former, high-level government officials, all of whom possess expertise and experience in relevant areas.
We can help companies identify potential taxation issues, explore resolutions and increase corporate value by effectively dealing with uncertainty in business management and limiting tax liability risks.
Tax audit assistance
In the recent years, the Korean tax authorities have continued to strengthen the audit capacity and intensity by augmenting data collection and analysis before intended tax audits. Also, the tax authorities have extended the coverage of tax audits to stock transfer, related party transactions, restructuring and international taxation of cross-border transactions.
This has resulted in an increases in additional tax assessment and liabilities resulted from tax audit. Also, this addresses the importance of appropriate audit defense techniques and professional advice based on accurate understanding and interpretation of tax laws because it is quite difficult for companies to respond on their own to audits and examinations initiated by the tax authorities.
Our audit assistance professionals have assisted in tax audits of major companies as well as small and medium sized companies in a variety of industries. Our tax audit service professionals can help companies effectively manage tax audits and develop strategies that could ensure the best possible outcome on tax audit, drawing on a broad spectrum of experiences that enable us to analyze industry-specific controversial issues and transactional evidences and collect favorable interpretations.