«Lowering the eligibility threshold would expand the types of work that could be performed in the areas already
identified by the Finance Department,» says the federation.
Not exact matches
However, according to the PwC primer «nothing in the
Department of
Finance releases, or any published releases
by the CRA, specifically
identifies that the rules may now apply to cross-border reinsurance contracts».
As an example, if cash is collected for a school trip
by a teacher or another administrative
department the
finance department needs to know how many students are booked on the trip and they sight of any costs associated with the trip so they can calculate the cash due, and quickly
identify any anomalies.
After the Ministry of Strategy and
Finance identified 41.2 bln won ($ 39 mln) invested in the cryptocurrency market
by sixteen venture investment firms, including the South Korean National Pension Service, the head of tax
department Choi Young - rak stated that «Cryptocurrencies are not taxable under the current Income Tax Act, but corporate taxation is possible.»