The National Tax Service of Korea held the Korea-US Joint APA Conference on Tuesday, September 9, 2008 as part of its effort to help reduce the corporate burden from possible transfer pricing (TP) audits of Korean companies having local entities (including subsidiaries) in the US. The meeting was the second of its kind since last year’s Korea-China Joint APA Conference. The meeting was participated by approximately 100 stakeholders including tax advisors of Korean companies operating in the US. During the two-hour session, NTS and IRS APA/MAP directors explained the APA process and the recent development in their APA programs.   
 
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