Korean e-Tax Invoices - In 2011 Korea introduced an electronic tax invoice system (e-Tax) which made the electronical issuance of VAT invoices mandatory for Korean corporate taxpayers. This article provides a short background information about the e-Tax system and gives an insight on issuance, transmission and the content of e-Tax Invoices.

Documenting Expenses in Korea - Expenses incurred within the regular course of business are deductible, subject to availability of appropriate documentary support. This article gives an insight on which documents are defined as appropriate by the Korean authorities as well as why debit- and credit cards are the most convenient payment method to be used for incurring business expenses.

Online Banking in Korea - Because of its convenience, Internet banking has become increasingly popular in recent years. This article gives insight into the requirements and the application process for electronic banking services in Korea. Furthermore, the necessity, issuance and use of so-called digital security certifications will be outlined.

VAT Recovery in Korea - Under certain circumstances, foreign companies that provide non-taxable goods or services in Korea – however pay Korean VAT on local goods or services – may apply for VAT recovery. This article provides an instight into the eligiblity and documentation process of VAT reimbursement in Korea.

Navigating Dividends, Royalties, and Withholding Tax for Foreign Enterprises in Korea 
This article offers a concise guide for foreign enterprises on Korea's withholding tax complexities, covering dividends, royalties, and varying tax rates under international agreements. It aims to clarify tax obligations for foreign companies engaged in international activities, emphasizing the need to stay informed through the Korean National Tax Service or double taxation agreements for current rates and regulations.

Understanding Tax Treaties: Tax treaties, or double taxation agreements, are formal arrangements between two countries to prevent individuals and businesses from being taxed twice on the same income earned abroad. These treaties primarily cover income taxes and offer benefits such as reduced withholding taxes and relief from double taxation. They ensure fair taxation, prevent profit shifting, and establish clear rules for cross-border income. In Korea, tax treaties take precedence over conflicting domestic laws. Companies seeking tax treaty benefits must provide detailed documentation, especially for large claims. Understanding tax treaties is essential for navigating international tax issues and minimizing double taxation risks. This article should provide a comprehensive understanding of the topic.