Global minimum corporate tax to take effect in Korea next year : vimarsana.com

Global minimum corporate tax to take effect in Korea next year

Starting from next year, multinational companies such as Samsung Electronics and SK hynix, which have overseas factories or subsidiaries, are expected to face increased tax obligations. The Ministry of Economy and Finance announced on Thursday that a new law to implement the global minimum corporate tax -- which will require multinational enterprises to adhere to a minimum effective tax rate of 15 percent -- will beg...

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