Yulchon Makes Transaction Price Between Affiliates Recognized as Dutiable Value As-Is in Another ACVA Success
2022.04.13.
Yulchon’s Tax Practice has recently made success out of a major Advance Customs Valuation Arrangement (“ACVA”) project on behalf of a global network equipment company.
The ACVA refers to a system for an advance agreement between a foreign-invested company in Korea and the Korean customs authorities on the method of determining the dutiable value of goods imported by such company from its overseas affiliate. The ACVA helps to secure stability and predictability of management for companies and prevent tax disputes with the customs authorities. Since its first ACVA project success for a global daily supplies manufacturer in 2009, Yulchon’s Tax Practice has conducted a number of ACVA projects successfully for, among others, a global luxury brand and a world’s number one health supplements supplier. The recent success on the ACVA project for the global network equipment company demonstrates once again that Yulchon is the best law firm in customs valuation and transfer pricing.
Professionals
.JPG)
