What's New
  • Increase of corporate income tax rate
  • CKC
    Views: 10334, 2018.09.07 21:13:22
  • Increase of corporate income tax rate

     

    (Current)

    Assessable income less than KRW 200,000,000                    10%

    More than KRW 200,000,000 up to KRW 20,000,000,000            20%

    More than KRW 20,000,000,000                                22%

    The following surtax is also applied:

    Local government income tax: 10% on income tax

     

    (New)

    Assessable income less than KRW 200,000,000                      10%

    More than KRW 200,000,000 up to KRW 20,000,000,000             20%

    More than KRW 20,000,000,000 up to KRW 300,000,000,000          22%

    More than KRW 300,000,000,000                                25%

     

    The following surtax is also applied:

    Local government income tax: 10% on income tax

     

    (Effective date)

    This change is effective to the financial year started from January 1, 2018

     

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112 3055 2019.09.26
111 4038 2019.07.31
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108 8303 2018.11.14
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105 12052 2018.07.31
Tag
  • INAA GROUP
  • Compandben SA
  • High Street Partners
  • Time of submission
  • Seoul Global Center
  • Knowing about Korea
  • National Tax Service
  • Minstry of Labor
  • National health Insurance
  • National Pension Service
  • Compensation & Welfare Service