South Korea: Base date extended for submission of the Report of OIV




the South Korea National Tax Service (NTS) has extended the base date for the submission of the Report of Overseas Investment Vehicle (OIV).

As a consequence of this regulatory change, OIVs may submit the report according to one of the following base dates:

Old regulationNew regulation
The end of the preceding quarter in which the form is submitted (31 March, 30 June, 30 September and 31 December);No change;
Within one calendar month from the date of the income payment.Within three calendar months from the date of the income payment.

Further information

For further information, customers may contact the Clearstream Banking1 Tax Help Desk or Clearstream Banking Client Services or their Relationship Officer.

1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF), and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248 (CBL).