IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2011 | Removal date: open ended
Still in force

FDI: Financial incentive

As part of the Tax Incentives Limitation Law, whose stated goal is to improve the fiscal position of the Korean government, the corporate income tax exemptions for small, medium, and large foreign-invested vehicles are to be reduced.

AFFECTED COUNTRIES

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