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The National Tax Service (NTS) has announced a new initiative aimed at fostering investment and job creation by excluding small and medium-sized enterprises (SMEs) that meet certain criteria from regular tax audits for the fiscal year 2023. The details are outlined below.
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The finalized Korean tax reform bill was approved by the Cabinet Council on August 27, 2024.
In comparison to the Korean tax reform proposals for 2024 initially announced by the Ministry of Economy and Finance (MOEF), there is a significant modification that is worth noting as below.
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On October 22, the Korean government promulgated amendments to three laws for childcare support (i.e., the Equal Employment and Work-Family Balance Assistance Act, the Employment Insurance Act, and the Labor Standards Act) to promote work-life-family balance.
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The National Tax Service (NTS) has announced a new initiative aimed at fostering investment and job creation by excluding small and medium-sized enterprises (SMEs) that meet certain criteria from regular tax audits for the fiscal year 2023. The details are outlined below.
......
The finalized Korean tax reform bill was approved by the Cabinet Council on August 27, 2024.
In comparison to the Korean tax reform proposals for 2024 initially announced by the Ministry of Economy and Finance (MOEF), there is a significant modification that is worth noting as below.
......
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