South Korea to give mid-sized companies lower tax rate

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

South Korea to give mid-sized companies lower tax rate

Matthew Gilleard
December 06 2011
s-korea.jpg

The South Korean government intends to reduce the top marginal corporate tax rate from 22% to 20% in 2012 for businesses with a taxable income of between W200 million ($178,000) and W50 billion ($45 million), in a welcome move for SMEs.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

NewsDirect TaxSouth KoreaAsia-Pacific
MG
Matthew Gilleard
Contact
Matthew Gilleard worked at ITR between 2010 and 2016
more across site & shared bottom lb ros

More from across our site

Direct Tax
EU flag large
This week in tax: EU mulls pillar two revisions to placate US
The scope of qualifying pillar two tax credits could reportedly be broadened; in other news, hundreds of IRS appeals staff are to resign
Tom Baker, May 02 2025
Transfer Pricing
Europe map technology
Bilateral APAs have their moment
For many taxpayers, the prospect of long-term certainty that a bilateral APA offers can override concerns about time, cost and confidentiality
Ralph Cunningham, May 01 2025
Direct Tax
scott levine resized.jpg
Baker McKenzie picks up former US Treasury deputy Scott Levine
Levine, who served under the Joe Biden administration, led the US’s negotiations on the OECD’s two-pillar solution
Tom Baker, April 30 2025
Direct Tax
Legal Benchmarking unstacked@4x.png
Legal Benchmarking Group acquired by Triple Private Equity
The deal to acquire ITR's parent company is expected to complete by the end of May 2025
Tom Baker, April 29 2025
Direct Tax
Meat
Meat multinational JBS accused of dodging $442m in taxes
JBS, the biggest meat company in the world, allegedly used Luxembourgian ‘mailbox companies’ to avoid taxes between 2019 and 2022
Tom Baker, April 28 2025
Direct Tax
Prison
Australian tax adviser imprisoned for operating while unregistered
Despite the conviction of Jessa Dabalos, the Tax Practitioners’ Board’s investigative work continues with five outstanding PwC scandal probes
Tom Ravlic, April 28 2025
Direct Tax
Female hand with megaphone on white background
Why in-house tax teams should do their own PR
Heads of tax need to push their teams forward as strategic business advisers to add value across their organisations, says Sandy Markwick
Sandy Markwick, April 25 2025
Direct Tax
White House large
This week in tax: Elon Musk and Treasury secretary clash over IRS leadership
Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
Tom Baker, April 25 2025
Transfer Pricing
India investment
India’s record APAs a win for government efficiency: experts
The promise of nine years’ tax certainty and a ‘rational and pragmatic’ government process makes APAs a no-brainer, Indian tax advisers tell ITR
Tom Baker, April 24 2025
Transfer Pricing
digital tax
Fixing Italy’s approach to taxing digital business
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede
Stefano Simontacchi , April 23 2025
Gift this article