Samil PwC Publishes Accounting and Tax Guidebook for Technology, Media, and Telecommunications Industries

For Executives and Practitioners in Five Sectors Including Semiconductor, Gaming, and Telecommunications
"Considering Industry Trends... Incorporating Applicable Accounting and Tax Standards"

Samil PwC announced on the 8th that it has published an accounting treatment and domestic tax law guidebook for companies in the Tech·Media·Telecommunication (TMT) sector.

This guidebook was prepared for companies in the TMT industry, including ▲semiconductors ▲games ▲telecommunications ▲e-commerce and platforms ▲information technology (IT) solutions. It presents accounting and tax standards tailored to the characteristics of each industry and includes specific cases to assist not only executives but also practitioners.

By sector, the semiconductor guidebook was written from the perspective of the semiconductor industry as a complex service industry that provides services through continuous development of intellectual property and advanced technology know-how, rather than a simple manufacturing industry. The gaming sector highlights expansion into new businesses such as collaboration with the entertainment industry and virtual assets, while the telecommunications industry introduces changed accounting standards based on industry evolution such as bundled sales of multiple products.

The e-commerce and platform guidebook was prepared from the perspective of an industry evolving into various forms combining technology and services. The IT solutions guidebook explains the advanced service industry perspective, which is not limited to software development but also includes bundled sales of various service products and expansion into the artificial intelligence (AI) domain based on cloud technology.

Jung Jae-guk, Samil PwC TMT Industry Leader (Partner), said, “We have reviewed accounting treatments and tax laws that can be applied from multiple angles, considering the evolving industry trends into new areas. We hope this will help each company reconfirm their accounting treatment direction and applicable tax laws, and proactively establish accounting and tax strategies in line with industry evolution.” Detailed information about the guidebook can be found on the Samil PwC website.