Delivery Hero Korea, First Tax Audit Since Establishment
[Asia Economy Reporter Kim Cheol-hyun] Delivery Hero Korea, the operator of the delivery application (app) 'Yogiyo,' is undergoing a tax audit for the first time since its establishment.
On the 26th, the National Tax Service visited Delivery Hero Korea's headquarters in Seocho-gu, Seoul, to initiate the tax audit. This is the first tax audit since Delivery Hero Korea was founded in November 2011. Delivery Hero Korea believes that the tax audit was triggered as the delivery market has expanded and the company has grown recently.
The National Tax Service is reportedly investigating whether Delivery Hero Korea evaded tax payments amid increased sales due to the spread of the novel coronavirus infection (COVID-19).
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Within the industry, attention is focused on how this tax audit will affect the ongoing corporate merger review for Delivery Hero's acquisition of Woowa Brothers, the operator of Baedal Minjok.
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