All South Korean businesses have an ongoing obligation to comply with reporting and tax requirements. VAT is around 10% with Corporate Income Tax between 10% to 22% and Individual Income Tax 6% to 38%. It is imperative that companies have comprehensive accounting services to ensure that they are able to provide thorough reports that meet regulatory standards.
TMF Group South Korea provides flexible solutions that work with your organisation’s structure and operations while helping to keep your business compliant.
Our accounting and reporting services in South Korea include:
- Payments processing
- Local statutory reporting
- Management reporting per requested GAAP
- Consolidated accounts preparation and reporting
- Investor reporting
- Tax and VAT compliance