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Global Trade Alert

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Republic of Korea: Revised tax law abolishes tax incentives related to FDI

Description

On January 1st, 2019, the Republic of Korea revised their tax laws, which remove certain tax relief benefits for firms in the new growth sector. Prior to the implemented changes, firms in these indust...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2019

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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