[Abstract]

Impacts on Corporate Tax and Effective Tax Rates of IFRS Adopter of K-IFRS in Korea

Kim, Jeong Ho
Ph.D. graduated school of Pusan National University,
Certified Public Tax Accountant

This study examines whether the early adopters of K-IFRS has been impacted by the changes in corporate tax and effective tax rates under K-IFRS in any significant way as compared to those under K-GAAP.

The main results of adopters of K-IFRS for 2009 and 2010 fiscal years are as follows：First, adopters of K-IFRS except deficit of companies income statement have decreased corporate tax as compared to those under K-GAAP effectually in individual financial statement. Second, adopters of K-IFRS have no effect on effective tax rates as compared to those still under K-GAAP. These results contribute to research about how adopters are affected by the changes to accounting standards on corporate tax and effective tax rates but this study cannot be generalized because of the small size.

▶ Key Words：K-IFRS, Effective tax rate, corporate tax

** Published on August 2012
** Full article available in Korean only
** Download here → 2-3 Impacts on Corporate Tax and Effective Tax Rates of IFRS Adopter of K-IFRS in Korea 김정호세무사.pdf