South Korea's National Tax Service has published an updated English-language version 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, MAP statistics, 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…