Korean Tax Compliance & Advisory for Foreign Companies

KTE supports foreign-invested companies with Korean tax filings and practical advice connected to their day-to-day operations. We combine local compliance knowledge with clear English communication for overseas finance teams.

Our work is designed to connect the tax returns with the underlying accounting records, contracts and business activity rather than treating each filing as an isolated formality.

Who We Support

  • Korean subsidiaries and branches of overseas companies
  • Foreign-invested companies requiring recurring Korean tax compliance
  • Overseas finance teams reviewing Korean transactions or tax positions
  • Businesses with cross-border, intercompany or international transaction reporting needs

How We Help

1. VAT Compliance

We prepare Korean VAT returns using the accounting records and supporting evidence, review key sales and purchase classifications and follow up on items requiring clarification.

2. Corporate Income Tax

We support annual corporate income tax returns, interim filings and related tax adjustments based on the Korean statutory books and available documentation.

3. Withholding and Other Tax Filings

We assist with withholding tax and other recurring reporting requirements included in the engagement and coordinate the information needed for timely filing and payment.

4. International and Practical Tax Advisory

We advise on Korean tax matters affecting foreign-invested companies, including cross-border payments, related-party transactions and required international transaction reports. Transfer-pricing, customs, legal or other specialist matters can be coordinated separately where required.

5. Tax Authority Queries and Audit Support

We help organize records, explain filed positions and coordinate responses to routine tax authority inquiries or tax audits within the agreed scope.

Our Compliance Process

  1. Confirm the filing obligations, timetable and responsible contacts.
  2. Receive the accounting records, tax invoices, contracts and supporting schedules.
  3. Review material or unusual transactions and request additional information.
  4. Prepare the draft return and explain significant adjustments or open points.
  5. File after approval and provide the return, payment information and supporting package.

Tax treatment depends on the facts, contracts and supporting documentation. Complex international tax, transfer-pricing, customs or legal matters may require a separately scoped review.

Information We Usually Request

  • Korean bookkeeping records and financial statements
  • Tax invoices, contracts and supporting evidence for material transactions
  • Payroll, withholding and statutory payment information
  • Related-party and cross-border transaction details
  • Prior returns, tax authority correspondence and group tax instructions, if applicable

Related Guides and Services

Need Support with Korean Tax Compliance?

Send us a brief description of the Korean entity, business activities, current filings and any open tax matters. We can review the expected scope and provide a service proposal.

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