Jinyoung understands that diligently fulfilling
its duties as a taxpayer benefits the greater community.
By following tax laws and managing risks in tax affairs, Jinyoung contributes to the national economy, promotes customer interests,
maximizes stockholder gains, and achieves sustainable management.
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Tax Law Compliance
Compliance with tax laws in fulfillment of taxpayer’s duties -
Tax authorities cooperation
Lawful declaration of tax affairs in fulfillment of taxpayer’s duties -
Transparency of Trade
Calculation of prices observed in trade based on OECD Guidelines -
Tax Risk Management
Assessment and management of tax risks present in business activities to ensure compliance with domestic and international laws
Tax Affairs Management Policy
Jinyoung’s Tax Affairs Management Policy is a cornerstone of Jinyoung’s business activities. Compliance, declaration, and risk management in tax affairs allows Jinyoung to identify and manage tax risks associated with different countries’ tax laws and how they are interpreted.
Tax Policy of Jinyoung
Jinyoung complies with the tax laws of all of the countries in which it operates, and endeavors to fulfill its social duties. Jinyoung takes the following steps to fulfill its taxpayer’s duties.
- Understand and follow tax laws.
- Understand the amounts of tax due in each tax jurisdiction.
- Prepare, submit, and store information requested by tax authorities.
- Appoint tax affairs experts who understand Jinyoung’s business.
- Seek the assistance of outside experts with complex or uncertain tax issues when required.