Thursday, July 25, 2019

South Korea - 2019 Tax Revision Bill

The economy has to deal with weakening growth potential, slowing global economies and increasing external uncertainties.  

 Although income distribution indicators have improved and social safety nets have strengthened, low income groups continue to suffer and the population is aging.  

 Korea needs active fiscal policies to support future growth engine development and respond to aging population. Against this backdrop, the government has drawn up the 2019 tax revision bill.

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