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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)
