I recently licensed a South Korean Company the rights to sell a certain US product in China and South Korea. There was a one time paymment for these rights. I received the payment and documents were signed. Now the company in South Korea says it should have deducted a business tax and is asking for a refund of 15% of the total paid. Is this correct?? They said thay would forward me the tax receipt when paid so I don't get taxed twice.

Summit Furntiure Group Int.

I am doing business in South Korea..but don't understand why they requested you 15% tax refund. I cannot judge the situation becuase i don't know your contract..but ..i don't think you have to refund 15% tax..for more question, send me e-mail at linsey_cho@hotmail.com