AsiaBunkeringRegulatory
Taxman gives SK Shipping an extra $3.7m bill
South Korea’s National Tax Service has hit SK Shipping and its Singapore-based subsidiary for an extra tax bill worth KRW42bn ($3.73m) following an audit covering the years 2010 to 2014.
The tax inspectors said SK Shipping’s decision to transfer bunkering options to its Singapore subsidiary had been undervalued. SK Shipping has been under a tax investigation since February.