South Korea MOF Issues Guide on 2025 Tax Measures in English

The South Korean Ministry of Strategy and Finance Dec. 16 issued a guide on tax measures for 2025, in English. The guide includes: 1) extended application periods, increased R&D and investment tax credits, and new relief for venture firms and stock-option income; 2) expanded marriage tax credits, housing savings deductions, tax-exempt childbirth allowances, and increased child tax credits; 3) increased earned income tax credits for dual-income households, and rent reduction credits and welfare initiative benefits for small and medium-sized enterprises (SMEs); 4) postponed taxation of virtual assets for two years; 5) streamlined tax relief and exemption regimes for start-ups, broadened ...