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Korea — Annual tax law revisions

Changes in Income Tax


Several tax law revisions effective for the 2012 tax year were approved by Korea’s National Assembly in late December 2011. Changes which may interest expatriates and employers include:

  • The introduction of a new upper tax bracket for high income earners,
  • An extension to the tax exemption for qualified  foreign technicians/engineers, and
  • Changes to late payment interest charges on withholding tax payments.


Download Korea — Annual tax law revisions (PDF)

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