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Wireless

Samsung to pay KRW 1.5 billion in corporate tax in South Korea

Friday 11 January 2019 | 14:42 CET | News
South Korea's Supreme Court has decided that Samsung Electronics must pay KRW 1.5 billion (approximately USD 1.34 million) in corporate tax. The court said Samsung's patent-licensing deal with an Ireland-based conduit company was a tax-dodging attempt to exploit the special exemption clause in the South Korea-Ireland tax treaty, The Phnom Penh Post reports. The Court has ruled against plaintiff Samsung, ending the 5-year litigation by the tech giant in 2013 challenging tax authorities' decision to hold it responsible for KRW 70.6 billion in corporate tax.

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Categories: Mobile & Wireless
Companies: Samsung
Countries: Korea, Republic of
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