The latest Korean tax news
- Samil Commentary 2008.03.17
- Extension of Temporary Investment Tax Credit
- Rules for Land Purchase by Foreign Corporations
- Latest Notice on Tax Havens
- Corporate Income Tax Rate Cut Suggested
- Korea’s single administrative tax court
- Consolidated tax return to be introduced
- Advance Ruling Procedures considered
- Ruling on the Treatment of Signing Bonus
- Samil Commentary 2008.02.11
Changes to Korean Tax Laws for 2008 (2)
This is the second series of Korean tax law changes for 2008, following the coverage of significant changes to Korean tax laws which have mostly become effective from January 2008.
This issue includes proposed amendments to the enforcement decrees of tax laws with a focus on changes to deregulate business management and rules for tax exemption or reduction.
- Samil Commentary 2008.01.11
Changes to Korean Tax Laws for 2008 (1)
The National Assembly approved amendments to the Corporate Income Tax Law and other tax laws, most of which have become effective from January 1.2008.
The amended tax laws offer new tax credits to promote the development of logistics outsourcing and overseas natural resources exploration businesses. They also outline the partnership taxation which is to be enforced beginning in January, 2009.
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