Announcement
23 Dec 2022
In December 2022, the South Korean National Assembly revised the Restriction of Special Taxation Act, thereby increasing the tax credit rate for investments in national strategic technologies.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
01 Jan 2023
Revocation date:
No revocation date
Tax or social insurance relief
In force
On 23 December 2022, the South Korean National Assembly expanded the tax credit rate for investments in national strategic technologies from 6% to 8% for large enterprises. This revision of the Restri...
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