On 31 December 2018, South Korea reportedly published the laws for the implementation of the tax reform measure for 2019 in the Official Gazette. Changes include:
The changes generally apply from 1 January 2019, although the expanded scope of VAT is to apply from 1 July 2019 and the new rules for overseas investment vehicles apply from 1 January 2020. Additional details will be published once available.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.