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Transfer Pricing

Transfer pricing is one of the most important tax issues for multi-national organizations carrying out cross-border transactions in Korea. Korea’s tax and customs agencies have increased their focus on the issue of transfer pricing and their emphasis has been reflected in more stringent documentation requirements and sophisticated policies. A violation of transfer pricing regulations often leads to significant tax liabilities, including withholding taxes and penalties.

Our transfer pricing practice group is comprised of dedicated professionals with extensive experience in the area of transfer pricing. The BKL transfer pricing team has assisted a number of clients with conducting transfer pricing studies and examinations, drafting pricing agreements, minimizing transfer pricing-related tax risks and planning in connection with transfer pricing issues.

The practice group not only has experience in providing a wide array of services related to transfer pricing, the group has also advised a broad range of clients from diverse industries. Our team’s clients include multi-national financial institutions, telecommunication companies, textile companies, and cosmetics companies, among others. Our teams wide-ranging experiences enable us to provide clients with innovative solutions in addressing their transfer pricing concerns.

We have assisted a number of clients with services regarding the following matters:

• Transfer pricing studies

• Transfer pricing examinations and audit defense service

• Advance Pricing Agreement (APA)

• Mutual Agreement Procedure (MAP)

• Transfer pricing agreements

• Pre-assessment of transfer pricing related tax risks

• Planning or restructuring in connection with transfer pricing issues

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