South Korea's 2018 budget bill was enacted on 19 December 2017 and includes a number of tax reform measures ({News-2017-12-08/A/4-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:
- The disallowance of interest deductions for payments in relation to hybrid mismatch instruments to foreign related parties applies when such paymen…