Tightened tax rules hit domestic pharmaceutical firms

Published: 2004-02-02 07:00:00

Updated: 2004-02-02 07:00:00

Beginning in 2004, the National Tax Service says companies that spend 500,000 won or more entertaining their customers, clients or employees must prove that the meetings are business-related, while people on the receiving end of the free entertainment must be identified in the company's spending ...

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