Drug industries depressed with new NTS' expense report policy.

Published: 2004-01-12 07:00:00

Updated: 2004-01-12 07:00:00

The National Tax Service (NTS) announced on Jan. 5 that effective from Jan. 1, 2004 any tax deductable entertainment expenses amounted over 500 thousand won should be reported with attachment of detailed evidence descriptions, which may give a substantial adverse impact to the domestic companies ...

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