Mong Youn Kim
Non-profit corporation unlike a for-profit one needs special tax and accounting capabilities. In particular, public-service corporation has diverse and complicated tax and accounting issues with regard to operation of contributed property in that it should faithfully abide by the purpose of returning property to the society.
Furthermore in case of distributing the shares to the public-service corporation, you need to inevitably review the event and specialised tax advisory because there are substantial restrictions in this stock transfer.
In addition, non-profit organizations face restructuring such as merger & acquisition, division, liquidation and other similar issues.
BDO Korea provides the professional accounting and tax advisory services through our various practical experiences. Also, our experts in non-profit corporation help you understand the complicated tax issues and provide the optimized solutions so that you can focus on your nonprofit mission which is the most important to your organization.