English Translation of the South Korean Pillar Two Law

On December 31, 2022, South Korea passed Law 19191 to amend the International Tax Adjustment Act to provide for the Pillar Two Global Minimum Tax from January 1, 2024.

As a members only resource, we include an unofficial English translation of the South Korean Global Minimum Tax Law.

International Tax Adjustment Act

[Enforcement 2023. 1. 1.] [Law No. 19191, 2022. 12. 31., Partial Amendment]

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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