Global Trade Alert
Global Trade Alert

Republic of Korea: Further increase in tax credit for investments in national strategic technologies

Announcement

30 Mar 2023

In March 2023, the South Korean National Assembly approved the revision of the Restriction of Special Taxation Act, thereby increasing the tax credit rate for investments in national strategic technologies.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Apr 2023

Revocation date:

31 Dec 2023

Announced: 30 Mar 2023
Tax or social insurance relief
On 30 March 2023, the South Korean National Assembly approved a temporary additional increase in the tax credit rate for investments in national strategic technologies. The temporary additional increa...
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Implementation date

11 Apr 2023

Revocation date:

No revocation date

Announced: 30 Mar 2023
Tax or social insurance relief In force
On 30 March 2023, the South Korean National Assembly approved an increase in the tax credit rate for investments in national strategic technologies. The revision of the Restriction of Special Taxation...
Sign in to see more
Announced: 30 Mar 2023
Tax or social insurance relief In force
On 30 March 2023, the South Korean National Assembly approved an increase in the tax credit rate for investments in national strategic technologies. The revision of the Restriction of Special Taxation...
Sign in to see more

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