Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
The National Tax Service is probing the Korean unit of the German automaker group BMW, sources said Thursday.
The NTS is scavenging evidence to back up suspicions of tax evasion by the best-selling imported automaker in Korea, they said.
The investigators are expected to focus on whether BMW Korea tried to evade taxes by intentionally distorting the prices of its automobiles that are transported from BMW’s German headquarters.
A BMW Korea spokesperson, however, stressed that the probe was only a regular review.
“There are a number of factors that influence car price, such as the free trade agreement, individual consumption tax cuts, and different specs,” he said.
(joowonc@heraldcorp.com)
The NTS is scavenging evidence to back up suspicions of tax evasion by the best-selling imported automaker in Korea, they said.
The investigators are expected to focus on whether BMW Korea tried to evade taxes by intentionally distorting the prices of its automobiles that are transported from BMW’s German headquarters.
A BMW Korea spokesperson, however, stressed that the probe was only a regular review.
“There are a number of factors that influence car price, such as the free trade agreement, individual consumption tax cuts, and different specs,” he said.
(joowonc@heraldcorp.com)
