OrbitaxSouth Korea COVID-19 Measures Include Tax Reduction for Most Impacted Areas, Possible Filing and Payment Extensions, and Others
|Approved Changes|Korea, Rep of
South Korea has reportedly implemented a number of measures in response to the COVID-19 pandemic, which includes the following:
- Tax relief is provided for companies located in special disaster areas, which includes Daegu, Gyeongsan, Bonghwa, and Cheongdo, including a reduction in corporate tax of up to 60% for affected small companies and up to 30% for affected medium companies, subject to a c…
