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  • Tax Reduction on Additional Investments
    • 담당부서 : 외투기업고충처리실(고상원)
    • 조회수 : 3,939
  • Organization : Ministry of Knowledge Economy , Ministry of Economy and Finance
  • Regulation : Article 121 of Restriction of Special Taxation Act
Grievance
Grievance
Company O, established in 2002, is a world-renowned provider of storage facilities for dangerous materials.

The company obtained a high-tech certification at the time of its first investment. However, it failed to get a tax reduction on its additional investments from the Ministry of Strategy and Finance.
Resoultion and Results
Resolution and Results
The documents that had been submitted to the Ministry of Strategy and Finance by Company O were reviewed to investigate why the company failed to get a tax reduction, and an application for a tax reduction was resubmitted with supplementary documents.

Outcome:
The company was notified by the Ministry of Strategy and Finance that it would get a 100% tax reduction on its additional investments for 5 years, and then a 50% tax reduction for the next two years.