South Korea MOF Seeks Comments on Bill to Partially Amend Special Tax Measures Act

The South Korean Ministry of Strategy and Finance Aug. 1 opened a consultation on Draft Legislative Notice No. 2025-154, to partially amend the Special Tax Measures Act. The draft legislative notice includes measures to: 1) increase the income threshold for start-up small and medium-sized enterprises (SMEs), to 104 million South Korean won (US$74,899); 2) extend special tax exemptions and credits for SMEs and related investments until Dec. 31, 2028, and introduce new incentives for digital transformation; 3) exempt domestic source interest income, dividend income, and securities transfer income received from exempt international financial institutions; 4) amend the tax credit rate for content ...