Tax Support

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Tax Support

Tax Reduction

The term ‘Tax Reduction’ herein refers to the reduction or removal of a liability that would otherwise be imposed upon acquisition, income (earned by foreign residents in Korea), tariffs and value added transactions that arise in the course of foreign investment. The scope of tax exemptions on capital gains is stipulated in the provisions of the 「Restriction of Special Taxation Act」.

Acquisition Tax, Property (Local) Tax Reduction

취득세ㆍ재산세(지방세) 감면 표로 감면세목, 감면대상, 감면요건, 감면기간 및 비율에 대한 정보 제공
Items	Target	Target	Period & Percentage	v
Acquisition Tax and Property Tax	ㆍForeign-invested companies having technologies driving the future growth of the economy (new growth industries)	$ 2mln or more than $ 2mln	100% for 5 years and 50% for 2 years following the first 5 year exemption period.	Up to 100% reduction within a 15 year period range in accordance with provisions specified by the Daegu Metropolitan City Ordinance
	ㆍ Companies residing in independent (individual) type FIZs ㆍ Companies residing in FEZs	Manufacturing : $30 mln or more than $30 mln Tourism: $20 mln or more than $20 mln Logistics : $10 mln or more than $10 mln R&D : $2 mln or more than $2 mln
	ㆍCompanies residing in Complex(cluster) type FIZs ㆍCompanies residing in FEZs	Manufacturing : $10 mln or more than $10 mln Tourism: $10 mln or more than $10 mln Logistics: $5 mln or more than $5 mln R&D : $2 mln or more than $2 mln	100% for 3 years, 50% for 2 years following the first 3 year exemption period

Tariffs / National Tax Exemption etc.

관세 등(국세) 면제 표로 감면세목, 감면대상, 감면요건, 감면기간 정보 제공
Item	Target	Requirement	Period
Tariffs Individual Consumption Tax Value added Tax	ㆍForeign-invested companies having technologies driving the future growth of the economy (new growth industries) ㆍCompanies residing in independent (individual) type FIZs	ㆍCapital goods deemed necessary for businesses subject to relief from taxes, and that have completed the import notification within 5 years from the initial date of foreign investment notification 1.Capital goods imported as external or internal payment vehicles invested by foreign investors to foreign-invested companies 2.Capital goods imported as investment objects to be financed	For 5 years from the initial date of foreign investment notification
Tariffs	ㆍCompanies residing in Complex(cluster) type FIZs ㆍ Companies residing in FEZs