Local banks pre-tax income declines

The commission said the figure is lower than expected as global economic growth momentum showed, taking a toll on domestic banks.


Amnesty for offshore tax cheats

The plan targets both Korean residents and firms operating in Korea, said Deputy Prime Minister and Finance Minister Choi Kyung-hwan.


India, Seychelles ink tax information pact

India and Seychelles also signed four other agreements, including one on air connectivity and the other for supply of a Dornier aircraft to the island nation.