Wednesday, June 19, 2019
South Korea and India Agree to Prevent Double Taxation
Top Tax Officials to Meet on a Regular Basis
South Korea and India Agree to Prevent Double Taxation
  • By Jung Suk-yee
  • February 27, 2019, 08:59
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National Tax Service Commissioner Han Sung-hee (right) poses for a picture with his Indian counterpart Ajay Bhushan Pandey after their meeting in New Delhi on Feb. 26.

National Tax Service Commissioner Han Sung-hee met with his Indian counterpart Ajay Bhushan Pandey in New Delhi on Feb. 26. They agreed with each other to address the issue of double taxation in a more effective way.
 

The two countries’ first meeting regarding the issue was held in November 2018. This time, the two commissioners agreed to hold such meetings on a regular basis so that the issue can be addressed without delay. In addition, they reached a consensus on an advance pricing agreement for transfer pricing taxation reduction and double taxation prevention.

Also, they discussed how to expand electronic tax administration and customer services for the convenience of South Korean companies in India.

The South Korean commissioner is scheduled to visit Bangkok, Thailand on Feb. 27 for a meeting with his Thai counterpart Ekniti Nitithanprapas.