[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Korean economic news to share with you which is as undermentioned.
Samsung Electronics is expected to cough up some 16.8 trillion won ($15 billion) in corporate tax this year, its regulatory briefing showed. This is up 20.1 percent fr om the previous year, and 2.4 times the number f rom 2015.
The record-high tax was attributa ble to its all-time high operating profit of 58.9 trillion won fueled by the memory chips sector boom last year, coupled with a revised tax code that raised the maximum tax rate fr om 22 percent to 25 percent for companies with over 300 billion won of taxa ble income. The final amount of corporate tax will be confirmed in April.
Read more at: http://www.koreaherald.com/view.php?ud=20190211000343
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