Market Taxation Guide - South Korea
Generally, non-residents of South Korea are liable to capital gains tax on South Korean securities at the lower of the following rates: 10% of the gross proceeds realised from the sale (11%, including the 10%-surtax); or. 20% of the net capital gain (22%, including the 10%-surtax). Residents of countries that have concluded a Double Taxation
South Korea - Import Requirements and Documentation
The Government of Korea has stipulated requirements and procedures for importing certain products including registration, standards and safety, and efficacy testing to ensure the protection of public health and sanitation, national security, safety, and the environment. Typically, health or safety-related products, such as pharmaceuticals and
Tax Forms to use - South Korea
Application for Non-Taxation: Tax exemption for Corporations on Korean Source Income under the Tax Treaty (Form No.29-2 (1)) ( 906 kb, pdf ) Certificate of Residence ( 40 kb, pdf ) Declaration of Overseas Investment Vehicle Treated as the Beneficial Owner of Korean Source Income (Form No.72-5) ( 152 kb, pdf ) Report of Overseas Investment
South Korea GMP Certification for Medical Devices - Asia Actual
South Korea Sout Korea GMP Certification In April of 2012, the KFDA (now MFDS) enacted a new requirement for foreign manufacturers of Class II, III, and IV medical devices to obtain Korea Good Manufacturing Practice (KGMP) certification.
How To Write a Price Negotiation Letter To a Supplier
Sending a price negotiation letter to your supplier can help you agree on a fair price for each of you, allowing you to stay within your company's budget. To write a price negotiation letter, try to follow these steps: 1. Use a positive tone. It's important you keep a positive tone throughout your negotiation letter.
- What is KC certification in South Korea?
- Products that fall under the KC certification scope have to be checked and certified in accordance with the provisions of South Korea’s Quality Management and Safety Control of Industrial Products Act and its Electric Appliances Safety Act.
- What certifications does South Korea have?
- South Korea has several mandatory product certifications covering many different product categories. The most important one is the KC certification, which applies to a large variety of products and is comprised of different certification modes.
- Can a non-Korean manufacturer apply for KC approval?
- Outside Korea, only product manufacturers are allowed to apply for KC approval of their products and non-Korean traders or exporters are not allowed to apply. Distributors cannot directly apply for approval. After the certification process is completed, the name of the manufacturer of the product will appear on the obtained KC certificates.
- What if I export a chemical product to South Korea?
- If you export a chemical product to South Korea, you not only need to comply with K-REACH, but also need to comply with Korean Chemicals Control Act (CCA). The CCA (previously toxic chemicals control act or TCCA) passed national assembly in May in 2013 and it comes into force in Jan 2015.
- Do you need a certification to import products in South Korea?
- Before being allowed to import and sell products in South Korea, conformity with local regulations must be ensured. For many manufacturers or importers, this often means a certification is required to verify compliance with the requirements of applicable consumer safety standards.
- How to get KC safety approval in Korea?
- Testing in Korea is usually the easiest option for this. Type 3 has als become know as the KC Supplier Conformity Check. The first step of KC Safety approval is always to prepare the application. It is also required to provide a product manual in Korean language as part of the application.
