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Global Trade Alert

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Republic of Korea: 19 changes to tax law to promote economic growth

Description

On December 28th, 2016, the Korean Ministry of Economy and Finance released an announcement (hereafter, 'Announcement') that changed 19 articles of the nation's tax law, in order to 'foster new growth...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2017

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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