South Korea's Ministry of Economy and Finance has issued an English-language release providing an overview of the 2019 Tax Revision Bill. The measures of the Bill are focused on boosting the economy and supporting industrial innovation, pursuing inclusiveness and fairness, and broadening the tax base and improving the tax system. Most of the key measures for companies relate to boosting the economy and supporting industrial innovation, and include the following as provided in the release:
Support industrial innovation
The 2019 Tax Revision Bill is to be finalized and submitted to the National Assembly on 3 September 2019.
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