Global Trade Alert
Global Trade Alert

Republic of Korea: Implications for trade of 2013 Tax Revision Bill

Announcement

26 Sep 2013

In September 2013, the government of Republic of Korea announced a change in import duties.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

26 Aug 2013

Revocation date:

24 Feb 2014

Updated: 26 Sep 2013
Import tariff
On 26 September 2013 the Tax Revision Bill was finalised. In addition to a number of domestic tax measures this bill included a proposal to reduce temporarily by 50% customs duties on imported machine...
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