SOUTH KOREA CONTENTS
8. Penalties and Documentation p.321 8.1 Transfer Pricing Penalties and Defences p.321 8.2 Transfer Pricing Documentation p.322 9. Alignment With OECD Transfer Pricing Guidelines p.323 9.1 Alignment and Differences p.323 9.2 Arm’s Length Principle p.323 9.3 Impact of the Base Erosion and Profit Shifting (BEPS) Project p.323 9.4 Impact of BEPS 2.0 p.324 9.5 Entities Bearing the Risk of Another Entity’s Operations p.324 10. Relevance of the United Nations Practical Manual on Transfer Pricing p.325 10.1 Impact of UN Practical Manual on Transfer Pricing p.325 11. Safe Harbours or Other Unique Rules p.325 11.1 Transfer Pricing Safe Harbours p.325 11.2 Rules on Savings Arising From Operating in the Jurisdiction p.325 11.3 Unique Transfer Pricing Rules or Practices p.326 11.4 Financial Transactions p.326 12. Co-Ordination With Customs Valuation p.326 12.1 Co-Ordination Requirements Between Transfer Pricing and Customs Valuation p.326 13. Controversy Process p.327 13.1 Options and Requirements in Transfer Pricing Controversies p.327 14. Judicial Precedent p.329 14.1 Judicial Precedent on Transfer Pricing p.329 14.2 Significant Court Rulings p.329 15. Foreign Payment Restrictions p.331 15.1 Restrictions on Outbound Payments Relating to Uncontrolled Transactions p.331 15.2 Restrictions on Outbound Payments Relating to Controlled Transactions p.331 15.3 Effects of Other Countries’ Legal Restrictions p.331 16. Transparency and Confidentiality p.332 16.1 Publication of Information on APAs or Transfer Pricing Audit Outcomes p.332 16.2 Use of “Secret Comparables” p.332
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