Integration of fund management of multinational group companies: TP issue
Effective from fiscal year including February 15, 2022
In multinational group companies, there are cases where one company is responsible for fund management on behalf of several affiliates. In this case, there may be a company that profits and a company that suffers losses between affiliates, and the company in charge of funds provides services.
The purpose of this regulation is that companies providing financial services must trade at market prices because they provide financial benefits and ancillary services.
JUDONG OH
Judong is a partner supporting the Korean section of "Global Tax Inside". He was in charge of tax affairs for foreign corporations as a senior manager at one of the Big 4 accounting firms, and is now working as an international tax partner at Daseung Tax Firm.