Announcement
29 Aug 2023
In August 2023, the South Korean government announced an amendment to the Restriction of Special Taxation Act, increasing tax credit rates for several technologies related to biopharmaceuticals.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
29 Aug 2023
Revocation date:
No revocation date
Updated: 29 Aug 2023
Tax or social insurance relief
In force
On 29 August 2023, the South Korean government announced increased tax credit rates for certain technologies related to biopharmaceuticals. Eligible SMEs can benefit from tax credits between 25% and 5...
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Updated: 29 Aug 2023
Tax or social insurance relief
In force
On 29 August 2023, the South Korean government announced increased tax credit rates for certain technologies related to biopharmaceuticals. Eligible companies can benefit from tax credits between 15% ...
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