Menu Content
Go Top

Domestic

Tax Agency Launches Tax Probe into Google Korea

Written: 2018-12-12 18:49:50Updated: 2018-12-13 13:47:51

Tax Agency Launches Tax Probe into Google Korea

Photo : YONHAP News

The National Tax Service (NTS) has launched a tax probe into Google Korea. 

According to industry sources, the tax agency sent auditors to Google Korea's headquarters in Gangnam, southern Seoul on Wednesday, and secured accounting books and other financial records.

Observers believe authorities have launched an investigation into rumors of alleged tax evasion by high-income YouTube stars.

Google currently owns the global video streaming service, YouTube. 

During his parliamentary confirming hearing in October, NTS Commissioner Han Sung-hee said he supports a tax probe into high-earning YouTubers.

He said that such a tax probe has not been conducted but noted that 513 YouTubers have been notified to report their income and file taxes. 

Following a revised law approved by parliament last week, starting July next year, Google must pay value-added tax(VAT) for its domestic services in South Korea.

However, there are still no clear taxation standards for Google's app store Google Play which accounts for the largest portion of Google Korea's revenue.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >