South Korea Tax Agency Issues Guide on APA Procedures

The South Korean National Tax Service Jan. 31 issued a guide on advance pricing agreement (APA) procedures. Topics covered include: 1) information required for a pre-filing meeting; 2) the application form, contents, and format; 3) correction and variation procedures; 4) procedures for filing and initiating mutual agreement procedure requests; 5) application procedures for approval, refusal, renewal and termination of an APA; 6) processing time and deadlines; and 7) confidentiality requirements for APAs. [South Korea, National Tax Service, 01/31/20]

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