A corporation having its head office or principal office in Korea is a resident corporation. A corporation with a place of effective management in Korea is also treated as a resident corporation.
A non-resident corporation is generally deemed to have a tax presence (i.e. PE) in Korea in the following cases, among others:
Exceptions to a PE in Korea for a non-resident corporation are limited to specific fixed places of business used only for preparatory or auxiliary nature, and such fixed places include purchasing or storage of goods, advertising, publicity, collecting or furnishing of information, etc. Even though the activities of a PE are preparatory or auxiliary, one could be regarded as having a PE in cases where all the following conditions are met:
Last Reviewed - 02 December 2019