Extends the tax holiday period for capital goods imported for foreign investment
28 Feb 2025
On 28 February 2025, the Republic of Korea amended the Enforcement Decree of the Act on Restriction on Special Cases Concerning Taxation (No. 35347), extending the exemption period for tariffs, special consumption tax and value-added tax on capital goods imported for foreign investment from five years to a maximum of seven years. The decree took effect immediately on the same date.
Nature of measure:
Type:
-
Promotion and facilitation (Investment incentives)
Industry:
Inward FDI:
No
Outward FDI:
No
Sources:
