Corporate Tax Reduction Calculator
Simulate the effect of the 50% corporate tax reduction for venture enterprises by tax bracket.
Enter Tax Base
Calculation Result
Standard Corporate Tax
100M KRW
Corporate Tax After Reduction
100M KRW
year total savings
100M KRW
| Bracket | Tax Rate | Standard Tax | After Reduction |
|---|---|---|---|
| 0 ~ 200M KRW | 9% | ||
| 200M ~ 20B KRW | 19% | ||
| 20B ~ 300B KRW | 21% | ||
| Over 300B KRW | 24% |
Frequently Asked Questions
A 50% reduction on corporate tax (or income tax) is granted for 5 years from the date of initial venture enterprise certification. The reduction period is based on the initial certification date, regardless of subsequent renewals.
The reduction applies only to income generated from the venture enterprise's core business activities. Income from sources such as real estate rental is excluded from the eligible income.
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