South Korea: Ministry of Economy and Finance announced 2022 tax revision plan
The Ministry of Economy and Finance (MOEF) of South Korea has announced draft amendments to the tax laws which include tax exemption on interest income and capital gains from foreign investor’s investments in Korean Treasury bonds (KTB) and Monetary Stabilization Bonds (MSB). Tentative implementation date of the proposed tax law changes is 1 January 2023.
Further details are expected to be released once the tax revision plan is approved by the National Assembly scheduled in September 2022.
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