Koreas capital income tax reform measures korean edition koreas capital income tax pdf for tax credits calculated on job creation investments made after 18 april 2017 the additional tax credit rates are increased from 4 6 to 6 8 for small and medium sized enterprises smes and from 4 6 to 5 7 for medium scale companies. Of the korean source income to the extent of the korean source income attributable to those investors that the oiv is unable to substantiate pursuant to the korean domestic tax law 7 see global tax alerts korea enacts 2017 tax reform bill dated 28 december 2016 and korea issues 2016 tax reform. South koreas 2018 budget bill was enacted on 19 december 2017 and includes a number of tax reform measures previous coverage the following is an update on some of the key measures not previously covered the measures generally apply for fiscal years beginning on or after 1 january 2018 unless indicated otherwise below. Korea 2018 tax reform bill under consideration by national assembly a package of tax reform proposals for 2018 that were submitted to koreas national assembly on 1 september 2017 aim to increase tax revenue to support the countrys expansionary fiscal policies revise corporate tax incentives to. Executive summary on 13 february 2018 korea promulgated the revised enforcement decree of korean tax laws the 2018 enforcement decree to provide more specific guidance on the 2018 tax reform bill the 2018 tax reform bill which was enacted on 19 december 2017 1 among others the 2018 enforcement decree specifies the corporate accumulated earnings tax computation methods
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