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Wednesday, September 20, 2017

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9 - 13 December 2017, Tehran


Recent Events
Czech Prime Minister Proposes Bank Tax
The ruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka, will introduce a special tax on the countrys banks if it wins elections scheduled for later this year.
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South Korea Achieved Record Tax Revenues In 2016
South Korea posted a small fiscal surplus in 2016 for a second year running, largely due to an unexpected increased in corporate tax and value-added tax revenues.
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Switzerland Rejects Corporate Tax Reform
Proposed changes to Switzerlands corporate tax framework have been rejected in a referendum.
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UAE Confirms Details For VAT From January 2018
The UAE has provided more details on plans to introduce VAT at a rate of 5 percent across the other Gulf Co-operation Council (GCC) member states on January 1, 2018.
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Tel:  +98 21 3396 7446
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Email: m.mollanazar@tax.gov.ir
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South Korea Provides Tax Guide For Foreign Workers
Iranian Tax News

South Korea Provides Tax Guide For Foreign Workers

The South Korean National Tax Service (NTS) has issued its Easy Guide for Foreigners Year-end Tax Settlement, to help foreign residents in the country to file a return and settle the taxes due on their 2016 income.

The guidebook not only provides details of the years tax code amendments, but also answers a range of frequently-asked questions and offers essential tips. For example, it is pointed out that foreign residents are liable to pay tax on foreign-source income only if it is paid in or remitted to South Korea.

Among the differences between resident and non-resident employees is that the latter are entitled to the application of a special 17 percent flat tax rate. They may claim the personal income tax deduction for themselves, but are unable to claim tax deductions for other family members or certain tax credits, such as the child tax credit.

The NTS expects some 600,000 foreign workers in South Korea to file a 2016 tax return.

Tax-news.com



News Date: 20170124
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Two Major Projects from among the Projects Related to Resistance Economy are Followed Up in the Iranian National Tax Administration (INTA)
President of Iranian National Tax Administration on the occasion of Tax Culture Week
INTA President Pays a Visit from Korean National Tax Service
Iranian Statutory Bodies Liable to Taxation

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