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Global Trade Alert

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Republic of Korea: Further increase in tax credit for investments in national strategic technologies

Description

On 30 March 2023, the South Korean National Assembly approved an increase in the tax credit rate for investments in national strategic technologies. The revision of the Restriction of Special Taxation...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Apr 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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