Policy Issue
2021 Tax Revision Bill
Aug 2021
2021 Revision to Support New Industries and Employment, as well as Inclusive Growth
The government has released this year’s tax revision proposal, which requires changes in 16 tax codes.
2021 tax revision framework
1) Promote new industries and support recovery by promoting employment, investment and consumption
2) Pursue inclusive growth, such as through expanded tax support for low-income earners and small enterprises, and continue with fair taxation
3) Improve tax base and work on taxpayer convenience
The three key policies are intended for a successful transition to a post-corona economy, and will be carried out through the revisions.
* For further details, please refer to the attached file
The government has released this year’s tax revision proposal, which requires changes in 16 tax codes.
2021 tax revision framework
1) Promote new industries and support recovery by promoting employment, investment and consumption
2) Pursue inclusive growth, such as through expanded tax support for low-income earners and small enterprises, and continue with fair taxation
3) Improve tax base and work on taxpayer convenience
The three key policies are intended for a successful transition to a post-corona economy, and will be carried out through the revisions.
* For further details, please refer to the attached file
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