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

The South Korean National Assembly Sept. 16 accepted for consideration Bill No. 2213010, to partially amend the Special Tax Measures Act. The bill includes a measure to reduce to 15 percent from 17 percent the minimum corporate tax rate for domestic companies with a tax base of 100 billion South Korean won (US$72 million) or more that aren’t small and medium-sized entities (SMEs). The law would enter into force Jan. 1, 2026, and would apply to taxable years commencing after that date. [South Korea, National Assembly, 09/16/25]

Reference:
View Text of Bill No. 2213010. View Legislative History of Bill ...