Global Trade Alert
Global Trade Alert

Republic of Korea: Reduced Witholding Allowances for Foreign Workers

Announcement

31 Dec 2009

In December 2009, the government of Republic of Korea announced a change to the rules for resident foreign nationals.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2010

Revocation date:

No revocation date

Announced: 31 Dec 2009
Post-migration treatment In force
Korea's National Assembly passed on 31 December 2009 the tax laws applicable for 2010. From 1 January 2010, the 30% Overseas Assignment Allowance Exclusion was no longer available. Moreover, those alr...
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