1. Introduce New Integrated Investment Tax Credit Scheme: Rebuild Investment Tax Credit Scheme (New enactment of Tax Incentive Limitation Law §24 and repeal of Tax Incentive Limitation Law §5·25·25-4·25-5·25-7)

2. Ease Investment Tax Credit Requirements for New Growth-Engine Technology Commercialization Facilities (Tax Incentive Limitation Law §25-5, Enforcement Decree of the Tax Incentive Limitation Law §22-9)

3. Include SME’s Outsourcing Cost for Patent Study and Analysis in Qualified Expenditures for R&D Tax Credits (Enforcement Decree of the Tax Incentive Limitation Law Attachment 6)

4. Extend Tax Credit Carryforward Period (Tax Incentive Limitation Law §144①)

5. Extend Foreign Tax Credit Carryforward Period and Allow Deduction for Unused Foreign Tax Credits (Corporate Income Tax Law §57, Individual Income Tax Law §57)

6. Extend Net Operating Loss (“NOL”) Carryforward Period (Corporate Income Tax Law §13, §76-13, Individual Income Tax Law §45)

7. Extend Applicable Period of Tax Credits for Increasing Wages (Tax Incentive Limitation Law §29-4)

8. Extend Applicable Period of Tax Credits for Middle-Sized Enterprises and SMEs Re-employing Career-Interrupted Women (Tax Incentive Limitation Law §29-3①)

9. Extend Applicable Period of Tax Credits for Middle-Sized Enterprises and SMEs Converting Temporary Employees to Full-Time Employees and Rationalize Post-Management Requirement (Tax Incentive Limitation Law §30-2①)

10. Extend Applicable Period of Tax Credits for Middle-Sized Enterprises and SMEs for Wages Paid to Employees Returning from Childcare Leave and Rationalize Post-Management Requirement (Tax Incentive Limitation Law §29-3②)

 

Please check the attached link for details.