[정부부처 자료] 추천
| 제목 | [SamilCommentary 2003. 6. 14] New NTS Directive on Amortization of Acquisition Costs of Insurance company | ||
|---|---|---|---|
| 작성일자 | 2003 . 06 . 16 | ||
| 관련링크 | [SamilCommentary 2003. 6. 14] New NTS Directive on Amortization of Acquisition Costs of Insurance company | ||
Ⅰ. New NTS Directive on Amortization of Acquisition Costs of Insurance company The National Tax Service issued a new directive that allows insurance companies to amortize acquisition costs incurred by long-term insurance contracts in an equal amount over the insurance premium payment period for Korean income tax purposes. Ⅱ. When to Deduct Expenses for Interim Settlement of Severance Pay by Installment A change has been made to ensure that expenses may be deductible to the extent of the entire amount of interim settlement of severance pay for the fiscal year to which the day of an initial installment payment belongs. Ⅲ. Treatment of Payment for Use of International Communications Satellites and Network The National Tax Tribunal (NTT) upheld the assessment of withholding tax on the payments by a domestic company for the use of overseas communications satellites and network owned by foreign companies having no permanent establishments in Korea. Ⅳ. Treatment of Interest Attributable to Related Party Transactions of Subordinate Bonds The NTT rejected a taxpayer's request for reviewing the tax office's treatment of related party transactions of subordinate bonds as inter-company loan that is non-business purpose payment and the treatment of interest attributable to the transactions. |