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Republic of Korea: Reduced tax exemptions for foreign firms

Description

As part of the Tax Incentives Limitation Law, whose stated goal is to improve the fiscal position of the Korean government, the corporate income tax exemptions for small, medium, and large foreign-inv...

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Intervention Details

Intervention Type

FDI: Financial incentive

MAST Chapter

FDI measures

Implementation date

01 Jan 2011

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 Products

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