OrbitaxClassification of Korean Hapja Hoesa for Australian income tax purposes
|Approved Changes|Australia
The Australian Taxation Office released Interpretative Decision ID 2006/91 clarifying that a South Korean Hapja Hoesa (i.e. South Korean limited joint company established under the Indirect Investment Asset Management Act 2003) is a corporate limited partnership.
Corporate limited partnerships are treated as companies for Australian income tax purposes.
Further, ID 2006/9…
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