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Global forum on transparency and exchange of information for tax purposes peer reviews : Republic of Korea 2013. Combined : Phase 1 + phase 2, Incorporating phase 2 ratings

Summary

  • This report includes Phase 1 and Phase 2 reviews of the Republic of Korea, now incorporating Phase 2 ratings. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by 120 jurisdictions, which participate in the Global Forum on an equal footing. The Global Forum is charged with in-depth monitoring and peer review of the implementation of the international standards of transparency and exchange of information for tax purposes. These standards are prim

Notes

  • "November 2013 (reflecting the legal and regulatory framework as at January 2012)."
  • "This work is published on the responsibility of the Secretary-General of the OECD"--T.p. verso.
  • OECD code: 23 2013 59 1 P.
  • Includes bibliographical references.
  • English

Contents

  • Table of Contents; About the Global Forum; Executive Summary; Introduction; Information and methodology used for the peer review of Korea; Overview of Korea; Recent developments; Compliance with the Standards; A. Availability of information; Overview; A.1. Ownership and identity information; A.2. Accounting records; A.3. Banking information; B. Access to information; Overview; B.1. Competent Authority's ability to obtain and provide information; B.2. Notification requirements and rights and safeguards; C. Exchanging information; Overview; C.1. Exchange-of-information mechanisms
  • C.2. Exchange-of-information mechanisms with all relevant partnersC.3. Confidentiality; C.4. Rights and safeguards of taxpayers and third parties; C.5. Timeliness of responses to requests for information; Summary of Determinations and Factors Underlying Recommendations; Annex 1: Jurisdiction's Response to the Review Report; Annex 2: List of all Exchange-of-Information Mechanisms in Force; Annex 3: List of all Laws, Regulations and Other Relevant Material; Annex 4: People Interviewed During On-Site Visit
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