South Korea's Ministry of Economy and Finance has issued a release providing an overview of the proposed 2021 Tax Revision Bill, which is to be submitted to the National Assembly no later than 3 September 2021. According to the release, the measures of the bill focus on three key policy areas:
- Promote new industries and support recovery by promoting employment, investment, and consumption;
- Pursue inclusive growth, such as through expanded tax support for low-income earners and small enterpr…