South Korea biz community calls for easing tax audit burden
KCCI Chairman Park Yong-maan (L)
Seoul - Yonhap
The South Korean business community on Tuesday called for easing the tax audit burden and more deductions for corporate entertainment outlays to better reflect the rise in overall expenses.
In a meeting with National Tax Service Commissioner Lim Hwan-soo in Seoul, companies belonging to the Korea Chamber of Commerce and Industry (KCCI) said there is a pressing need for the government to buoy corporate investments and fine-tune the way it conducts audits to not interfere with legitimate business activities.
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