October 2016

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Oct

Korea strengthens taxation on multi-national enterprises in 2017

On July 28, 2016, the Ministry of Strategy and Finance (“MOSF”) announced the annual proposal to amend the tax law for 2017 (the “Proposal”). The Proposal was submitted to the National Assembly on 2 September 2016. The Proposal will strengthen taxation on multi-national enterprises in 2017 including increase in flat tax rate for foreign expatriates, limitation to deduction of carried-over

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