Volume 2, Issue 2, May 2017, Page: 57-61
Income Tax of Foreign-Invested Business and Organization of Its Payment in DPRK
Pong-Nam Ri, Department of Finance, Kim Il Sung University, Pyongyang, DPRK
Hye-Gyong Sin, Department of Finance, Kim Il Sung University, Pyongyang, DPRK
Received: Aug. 19, 2016;       Accepted: Feb. 24, 2017;       Published: May 8, 2017
DOI: 10.11648/j.ijafrm.20170202.12      View  1318      Downloads  59
Abstract
We have explained about income tax of foreign-invested businesses in DPRK, including types of enterprise incomes and others, the way of tax calculation and its payment, and exemption or reduction measures to them in DPRK. We set different kinds as incomes of a foreign-invested business, object of enterprise income tax, according different sectors. And more favorable tax rates and mode of its payment over other countries in DPRK are fixed in this paper.
Keywords
Enterprise Income Tax, Foreign-Invested Business, Income, Object of Taxation, Tax, Mode of Payment
To cite this article
Pong-Nam Ri, Hye-Gyong Sin, Income Tax of Foreign-Invested Business and Organization of Its Payment in DPRK, International Journal of Accounting, Finance and Risk Management. Vol. 2, No. 2, 2017, pp. 57-61. doi: 10.11648/j.ijafrm.20170202.12
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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