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  • Eligibility for Tax Exemption on Increased Investment
    • 담당부서 : 외투기업고충처리실(고상원)
    • 조회수 : 4,012
  • Organization : Korea Customs Service
  • Regulation : administrative management
Grievance
Grievance
After reporting a reduction in its registered investment amount, the company H wanted to know if it would still be eligible for tax exemption in case it re-increased its investment amount as it was planning to construct a new plant in Korea.

Resoultion and Results
Resolution and Results
The OIO checked with the relevant government bodies to see if the company H would be eligible for tax exemption on its future investment.

Outcome:
- Increased investment would be tax-exempted for an entire period of 7 years.

- Capital goods may be tax-exempted should they arrive in Korea within 3 years of the registration of investment.