The guidance aims to help governments implement the 15% global minimum corporate tax in a consistent manner and reduce compliance costs for companies.
February 7, 2023Korea plans to lower its maximum corporate tax rate from 25% to 22% to promote investment and enhance the country's competitiveness.
December 20, 2022Taxes will be raised on those who earn over JPY 3 billion through stocks and real estate. A corporate surtax of 4 to 4.5 percent will also be adopted.
December 19, 2022The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.
August 12, 2022A new international treaty for the Pillar One reforms will be finalised by mid-2023 for entry into force in 2024.
July 15, 2022The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.
July 5, 2022The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022International tax reforms were approved by all the G20 leaders ahead of the COP26 summit on climate change in Glasgow which began on Monday.
November 2, 2021Six holdouts from July including Ireland have now joined the global agreement to introduce a 15 percent minimum corporate tax rate globally.
October 11, 2021The global minimum corporate income tax is estimated to generate around $150bn in additional global tax revenues annually.
July 2, 2021