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Republic of Korea: Increase in tax credit for investments in semiconductor, new growth, and national strategic technologies

Description

On 21 March 2025, the South Korean government adopted a revision of the Restriction of Special Taxation Act. Among others, the amendment increases the tax deduction rate for investments in semiconduct...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Mar 2025

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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