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Tax Support for the purpose of Creating a More Hospitable Investment Environment for Foreign Com

Date 2002.02.15.
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Through the implementation of the Advance Pricing Agreement (APA), the NTS
has created a more hospitable tax administration for investments by foreign
companies by relieving them of the burden of audits and allowing for clearer
predictions of the tax amount.

When a company applies for the APA, it will be exempted from any
investigation into the previous pricing even if the tax authority decides to
audit the company. Thereby, the burden of a tax audit and the possible conflicts
in taxation are eliminated.

To increase and focus interest in the APA, the NTS included a presentation of
the APA in the meetings with organizations related to foreign companies.

As loosening the burden of tax audit and increasing the predictability of tax
burden with activation of advance pricing agreement, administrative support for
foreigners to invest safe.

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