Tax ruling request & Legislative Consulting

"Overall, the individuals in BKL have high understandings of their professional fields and are open-minded, collaborative and provide innovative solutions."

- The Legal 500 Asia Pacific

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Overview

The expanding scale of economy and globalization has made business operations more complex, requiring clearer interpretation of tax laws that align with emerging economic realities. As new business models and economic phenomena arise, it is essential to apply tax regulations in ways that reflect their substance. To remain competitive in today’s dynamic landscape—characterized by shifting global supply chains, protectionist policies, and rapid economic changes—tax laws must also be swiftly amended to meet businesses' evolving needs.

Handling cases involving tax law interpretation and providing legislative advice requires interdisciplinary collaboration. A comprehensive review that considers not only tax law but also civil, commercial, and accounting principles—alongside an understanding of specific industries—is critical. Efficient communication through established networks with relevant agencies further ensures seamless resolutions. BKL’s Tax Group consists of attorneys, accountants and tax accountants who have experience of handling various tax disputes and in-depth legal knowledge and other professionals who obtained ample practical experience at the Ministry of Economy and Finance, National Tax Service, Korea Customs Service, Ministry of the Interior and Safety, and other government agencies. Based on such professional expertise, BKL offers diverse tax services needed by corporate clients, including clear interpretation of tax laws and proactive advice on the amendment of tax laws.

Key Services

Interpretation of tax laws

BKL provides legal services to secure clear interpretations of tax laws that align with the economic activities of businesses. Through in-depth legal reasoning, our team offers comprehensive explanations and engages with relevant agencies to advocate for favorable interpretations that accurately reflect the underlying substance of business operations.

Amendment of law

BKL goes beyond legal analysis by actively engaging with government decision-makers and the National Assembly. We present diverse perspectives and detailed justifications to promote an understanding of the practical challenges businesses face and the need for legislative changes. Through these efforts, BKL offers businesses strategic legislative advisory services, ensuring that proposed amendments to tax laws are reasonable, practical, and aligned with companies' operational realities.

Practice Areas

Representative Cases

Interpretation of tax laws

Tax ruling on whether the amount of bad debt of receivables may be included in deductible expenses in accordance with a fund replenishment agreement

Where a merger profit corresponding to the rx-evaluated reserves of a merged entity is distributed in a reduced amount

Tax ruling on the inclusion in gross income

Tax ruling on income disposition and withholding of the amount of bad debt of a claim for indemnity not included in deductible expenses

Tax ruling on the Value-Added Tax Act with respect to the treatment of value-added tax for an entrusted development project

Tax ruling on the Value-Added Tax Act and the Corporate Tax Act with respect to the miscellaneous income generated at a rented apartment managed by a property management contractor

National Tax Service’s tax ruling on the Income Tax Act with respect to whether an amount of interim (cash) dividend based on the board of director’s resolution is treated as dividend income

Tax ruling on the Income Tax Act with respect to the income classification of the payment of money and valuables under the public notice of the National Tax Service

Tax ruling on the Value-Added Tax Act and the Corporate Tax Act with respect to the inclusion of surcharges under the Korea-China tax treaty

Tax ruling on the Corporate Tax Act with respect to the obligation of a domestic entity’s head office to issue invoices for an overseas branch’s supply of goods

Amendment of laws

Advised on the amendment of the Comprehensive Real Estate Holding Tax Act (heavy taxation rates applicable to corporations)

Advised on the amendment of the Value-Added Tax Act (person liable to pay value-added tax for trust property)

Advised on the amendment of the Enforcement Decree of the Local Tax Act (scope of land subject to special aggregate taxation)

Advised on the amendment of the Enforcement Decree of the Installation and Utilization of Sports Facilities Act, the Local Tax Act, and the Individual Consumption Tax Act with respect to the golf course fees

Advised on the amendment of laws relating to the employee portion of resident tax and communicated with the National Assembly and the Ministry of the Interior and Safety

Advised on the amendment of the Framework Act on National Taxes and the Value-Added Tax Act in relation with persons liable to pay value-added tax for trust property

Advised on legislation to abolish import duties of supplementary materials of steel

Advised on the amendment of the Enforcement Decree of the Customs Act with respect to patents for duty free shops

Advised on the amendment of the Customs Act with respect to duty free shops’ consumer commission

Key Contacts

Our Team