In this blog post, we will delve into the special cases concerning the exclusion of expenses related to business-use vehicles from necessary expenses according to Article 33-2 of the Income Tax Act in Korea. We will also explore the scope of business-use vehicles and the calculation of expenses related to them. Additionally, we'll discuss the depreciation of business-use vehicles and how loss fr..

In this blog post, we will delve into the concept of necessary expenses for business income in Korea. Understanding these expenses is crucial for businesses to accurately compute their taxable income. Let's explore the scope and categories of necessary expenses for business income. Scope of Necessary Expense Necessary expenses for business income encompass the total amount of expenditures incurr..