Transfer Pricing End-of-Year Adjustments in Korea

Abstract

While Korean transfer pricing regulations legally allow year-end transfer pricing adjustments after the filing of a corporate tax return, it is advisable to adjust transfer prices throughout the fiscal year with a well-established business plan and robust transfer pricing documentation.This article is part of a special issue of the International Transfer Pricing Journal on transfer pricing end-of-year adjustments. The other articles include the General Report and contributions on Belgium, France, Germany, Ireland, Italy, the Netherlands, Spain, the United Kingdom and the United States.