On 30 June 2022, South Korea's National Tax Service published updated English-language versions of its Guidance on Mutual Agreement Procedure for Taxpayers. The guidance covers the application of MAP, proceedings and closing of MAP, implementation of MAP outcomes, and documentation.
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Overview of Mutual Agreement Procedure (MAP)
The term "mutual agreement procedure" (hereinafter referred to as "MAP") means the procedure by which interpretation of a tax treaty, unreasonable taxation, or…