On 6 December 2017, South Korea's National Assembly (parliament) passed the 2018 budget and related tax reform measures for 2018. Some of the main measures include:
In addition to the above, other measures originally proposed included a 30% of EBITDA interest deduction restriction for related party interest, as well as further restrictions on the offset of carried forward losses. However, it is uncertain if these were included in the final measures approved. Additional detail will be published once available.
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