Global Trade Alert
Global Trade Alert

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

Announcement

28 Dec 2016

December 28th, 2016 - The Korean government announced several changes to the nations tax law.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Jan 2017

Revocation date:

No revocation date

Announced: 28 Dec 2016
Tax or social insurance relief In force
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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Implementation date

28 Dec 2016

Revocation date:

No revocation date

Announced: 28 Dec 2016
FDI: Financial incentive In force
In December 2016, the Korean Ministry of Economy and Finance released an announcement that made changes to 19 areas of the nation's tax law. One of the changes included a clause which sought to boost ...
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