공인회계사 (KICPA)

Practice session

Under the Corporate Tax Act of Korea (법인세법), a company's accounting net income is adjusted to determine taxable income through tax reconciliation (세무조정). If the representative director (대표이사) misappropriates KRW 50,000,000 of corporate funds for personal use and the outflow cannot be recovered, how must this transaction be reconciled and disposed of (소득처분)?

Loading your practice session…