On 25 September 2026, SAT and South Korea’s National Tax Service (NTS) signed a Memorandum of Understanding to strengthen bilateral tax cooperation. The agreement covers joint capacity building, information exchange on transfer pricing and base erosion, collaborative audits of multinational enterprises, and shared digital tax administration technologies. This aligns with OECD BEPS Action 13 and the Global Forum on Transparency standards, enhancing both nations’ ability to combat cross-border tax evasion.
Key Takeaways
- Transfer Pricing Focus: Both authorities will conduct simultaneous bilateral advance pricing agreement (APA) negotiations, reducing double taxation risks for Korean-Mexican MNEs.
- Technology Transfer: South Korea will share its AI-driven audit analytics platform, while SAT contributes its CFDI 4.0 e-invoicing framework for peer learning.
- Dispute Resolution: The MOU establishes a fast-track mutual agreement procedure (MAP) team to resolve treaty disputes within 12 months.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement