Announcement
24 Aug 2010
The Ministry of Strategy and Finance announced its reforms to the tax code on 24 August 2010.
These measures will come into effect from 1 January 2011.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
01 Jan 2011
Revocation date:
No revocation date
Announced: 24 Aug 2010
FDI: Financial incentive
In force
In addition, a tax incentive has been introduced for foreign firms that create jobs in Korea. Foreign firms will be able to claim an incentive equivalent to 10 million KW per job created, up to a maxi...
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Implementation date
01 Jan 2011
Revocation date:
No revocation date
Announced: 24 Aug 2010
FDI: Financial incentive
In force
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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