상단검색

Date   :

~

Sort   :

Investment Guide
(Your Business Partner in Busan)

Tax Support

  • Facebook
  • Twitter
  • Google
  • Pinterest
  • Print

National and local taxes

National and local taxes
Recipient Tax reduction & Exemption method
Tax item Period Investment requirement for tax reduction & exemption
  • Advanced technology business and industrial support service business
  • Companies investing in development-type investment zones
  • National tax
    • Corporate tax
    • Income tax
  • Local tax
    • Acquisition tax
    • Registration tax
    • Property tax
  • 7 years

    • 5 years 100%
      2 years 50%
  • Advanced technology business: None
  • Investment areas
    • Manufacturing: USD 30 million
    • Tourism: USD 20 million
    • Logistics: USD 10 million
    • R&D : USD 5 million
  • Tenant companies in the complex-type investment zones
  • Tenant companies in the free economic zones
  • Tenant companies in the free trade zones
  • Tenant companies in the corporate city development zone
  • 5 years

    • 3 years 100%
      2 years 50%
  • Manufacturing: USD 10 million
  • Tourism: USD 10 million
  • Logistics: USD 5 million

※ Corporate city: USD 10 million

  • Free economic zone developer
  • Corporate city developer
 
  • Investment amount: more than USD 30 million
  • A total of USD 500 million or more of the project cost and 50% or more of the foreigner investment ratio

※ In Busan, the local tax will be reduced or exempted for max. 15 years.

Customs, etc.

Customs, etc.
Recipient Tax reduction & exemption method
Tax item Period Investment requirements for tax reduction & exemption
  • Advanced technology business and industrial support service business
  • Companies investing in development-type investment zones
  • Customs duty
  • Special consumption tax
  • Value-added tax
Import declaration to be completed within 5 years
  • Advanced technology business: None
  • Investment areas
    • Manufacturing: USD 30 million
    • Tourism: USD 20 million
    • Logistics: USD 10 million
    • R&D: USD 5 million
  • Tenant companies in the complex-type investment zones
  • Tenant companies in the free economic zones
  • Tenant companies in the free trade zones
  • Tenant companies in the corporate city development zone
Customs duty  
  • Capital goods imported by newly issued stock acquisition investment
  • The free trade zone is a nontariff zone
  • Suspension of customs duty for foreign goods brought into the zone
  • Customs refund for domestic goods brought into the zone