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South Korea 2022 Tax Measures Implemented

|Approved Changes|South Korea
South Korea

According to recent reports, South Korea has published the presidential decrees for the implementation of the measures of the tax law amendments for 2022, which were approved by the National Assembly in December 2021. Some of the key measures include:

  • The extension of the flat 19% personal income tax rate for foreign employees that begin working in Korea for the first time by 31 December 2023;
  • The extension of the incentive for attracting talented foreign engineers and technical experts to 3…

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