Korea－China FTA and the Bilateral Tax Issues
Asian Tax Journal Vol. 15 No. 6 (2014), pp. 183-206
Abstract
Despite of some differences seems Korea and Chinese companies to be able to get a mutualbenefit through the FTA. The agreement must be drawn well to the two countries in the field ofagriculture and primary industries, which have some adverse side for South Korea. The mostimportant import restrictions in China means the import inspection and quarantine target exists asa matter of self－regulation of the Customs and it causes uncertainties. In future negotiations withChina it will be well persuaded that the regulations in the process of customs would function asa barrier to trade liberalization. On the other hand it can also perform an important role in thefuture of non－tariff barriers, such as mad cow disease and quarantine issues. It must be noted thatdividing into four or five different agricultural regions after local characteristics will greatlyincrease the likelihood that the two countries can derive a consensus. After FTA the trade andfree movement of capital is also active and in line with this process it is very likely to be raisedsome issues of capital taxation；taxation of capital gains on stocks and real estate, mutualagreement, information exchange provisions of the code, transfer pricing taxation, and so on.
Keywords
- China
- free trade agreements
- tariffs
- tariff barriers
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