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Korea Publishes Overview of 2015 Tax Revision Bill

|Proposed Changes|Korea, Rep of
Korea, Rep of

On 6 August 2015, the Korean Ministry of Strategy and Finance published an overview of the measures included in the 2015 Tax Revision Bill. The Bill contains a number of measures aimed at stimulating the economy, supporting the working class and fairer taxation. In regard to business, the measures focus mainly on:

  • Promoting private consumption;
  • Boosting exports and investment;
  • Supporting corporate restructuring;
  • Increasing fairness;
  • Reforming tax support;
  • Increasing transparency; and
  • Regulat…

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