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Stories that are tagged 'Korea, South'




South Korea Achieved Record Tax Revenues In 2016

by Mary Swire, Tax-News.com, Hong Kong

Monday, February 13, 2017

South Korea posted a small fiscal surplus in 2016 for a second year running, largely due to an unexpected increased in corporate tax and value-added tax revenues. Read Full Story

 

New Tax Breaks To Boost South Korean Economy

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, February 7, 2017

In its work report for 2017, the South Korean Ministry of Strategy and Finance has indicated that it will focus on boosting South Korea's currently-weak economic growth, in part through fiscal reforms. Read Full Story

 

Hong Kong, S Korea To Automatically Exchange Tax Data

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, January 25, 2017

On January 23, Hong Kong and South Korea signed a Competent Authority Agreement to allow for the automatic exchange of financial account information in tax matters from 2019. Read Full Story

 

US Progresses Trade Disputes With China

by Leroy Baker, Tax-News.com, Washington

Friday, January 13, 2017

The US Department of Commerce has announced its final decision to impose anti-dumping margins and anti-subsidy countervailing duties on Chinese imports of biaxial integral geogrid products, used as a foundation in the construction of roads and railways. Read Full Story

 

Trilateral FTA Talks Held In Beijing

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, January 11, 2017

The 11th round of negotiations for a trilateral free trade agreement between China, Japan, and South Korea was held in Beijing on January 11. Read Full Story

 

South Korea Provides Tax Guide For Foreign Workers

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 6, 2017

The South Korean National Tax Service has issued its Easy Guide for Foreigners' Year-end Tax Settlement, to help foreign residents in the country to file a return and settle the taxes due on their 2016 income. Read Full Story

 

South Korea Plans Tax Changes To Boost Growth

by Mary Swire, Tax-News.com, Hong Kong

Monday, January 2, 2017

Within its proposed policy framework for 2017, the South Korean Ministry of Strategy and Finance has announced various tax changes to counteract the continued economic uncertainties, including measures to create jobs and support new growth industries. Read Full Story

 

S Korea Introduces Tax Break For Diesel Cars

by Mary Swire, Tax-News.com, Hong Kong

Friday, December 9, 2016

The South Korean Ministry of Strategy and Finance has issued details of a tax incentive to be given to those individuals replacing old cars that have diesel engines for new gasoline-driven vehicles. Read Full Story

 

South Korea's 2017 Budget To Hike Top PIT Rate

by Mary Swire, Tax-News.com, Hong Kong

Monday, December 5, 2016

South Korea's Government and parliamentary lawmakers have agreed to introduce an increased top rate of individual income tax in the 2017 Budget, to part-fund a child care support program. Read Full Story

 

Child Exemptions Cause South Korean Tax Imbalance

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, November 30, 2016

A study in the journal of the Korea Academic Society of Taxation has noted that, although there are no additional taxes imposed on South Korean single individuals, they end up paying higher effective income tax rates than families with children. Read Full Story

 

 

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