The South Korean National Assembly April 7 accepted for consideration Bill No. 2209634, to partially amend the Special Tax Measures Act. The bill includes a measure to extend the sunset date, to Dec. 31, 2030, from Dec. 31, 2026, for the special exception to the corporate tax and income tax reductions for companies that start a business or establish a workplace in an opportunity development special zone. The law would enter into force on the date of promulgation. [South Korea, National Assembly, 04/07/25]
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View Bill No. 2209634. View Legislative History of Bill No. 2209634. View Index. ...