South Korea Assembly Considers Bill to Partially Amend Special Tax Measures Act

The South Korean National Assembly Sept. 9 accepted for consideration Bill No. 2212811, to partially amend the Special Tax Measures Act. The bill includes a measure to extend to Dec. 31, 2028, from Dec. 31, 2025, the sunset date for the temporary integrated investment credit with respect to the basic tax credit rates of 1 percent for large companies, 7 percent for medium-sized companies, and 12 percent for small and medium-sized enterprises (SMEs). The law would enter into force Jan. 1, 2026. [South Korea, National Assembly, 09/09/25]

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View Text of Bill No. 2212811. View Legislative History of Bill ...