[Law Firm Now] Kim & Chang Tax Litigation Group Publishes 'Tax Practice Research 14'

23 Experts Including Lawyers, Accountants, and Tax Accountants Participate
Includes Papers on Corporate Tax, VAT, and Customs Duties
Also Awarded in Customs Valuation and Tariff Classification Research Paper Contest

The Tax Litigation Group of Kim & Chang Law Office has published the tax professional book "Tax Practice Research 14."

According to Kim & Chang on the 30th, Tax Practice Research 14 is a book compiling 17 research materials, including the latest tax theories, practical papers, and case commentaries. This edition of "Tax Practice Research 14" consists of 4 papers and 13 commentaries, with participation from 23 experts including lawyers, accountants, tax accountants, and customs brokers.

The "Tax Practice Research" series, which has published a total of 14 volumes from 2009 to this year, organizes research outcomes on various issues in tax practice and commentaries on notable cases handled or highlighted by Kim & Chang.

Lawyer Lee Jae-hong (Judicial Research and Training Institute, 10th class) explained the significance of the publication in the foreword, stating, "The tax field is an important area closely related to national policies and the economic values of members of society," and added, "The role of tax experts is not only to resolve issues encountered in practical settings but also to mature related discussions and inform the public."

This "Tax Practice Research 14" includes papers on corporate tax, value-added tax, and customs such as "Comparison of Unfair Support under the Fair Trade Act and Denial of Unfair Transaction Calculation under the Corporate Tax Act in Related Party Transactions," "Operation and Improvement Proposals for the Restriction on Issuance of Revised Import Tax Invoices during Import VAT Collection," and "Recommendation System for Imported Agricultural and Marine Products and Related Issues under the Customs Act." The paper "Study on Classification Criteria for Penetrated, Coated, Covered, and Laminated Goods" won an award at the 2022 Customs Valuation and Classification Research Paper Contest.

The "Commentaries" section introduces interpretations of important recent and past rulings, including those led by Kim & Chang's Tax Litigation Group. It contains commentaries on various issues across tax law and tax criminal law, such as "On the Scope of Profit-Making Business of Non-Profit Domestic Corporations under the Corporate Tax Act," "Review of Recent Rulings on the Substantial Beneficiary Status of Overseas Investment Vehicles and the Scope of Exercise of Correction Claims," and "Establishment of Non-Taxable Practices Related to National Tax Service Regulations and Basic Guidelines."

Lawyer Cho Sung-kwon (Judicial Research and Training Institute, 23rd class), who participated in the compilation, said, "I hope this will be used as a guide for experts contributing to the development of the tax field in Korea."

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