GloBE Country Guide: South Korea

Summary

Status	Enacted
Law	Law 19191 of December 31, 2022
Effective Date	January 1, 2024
IIR	Yes (2024)
UTPR	Yes (2024)
QDMTT	No
Filing Deadlines	Standard
Safe Harbours	No

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties
Sourcing South Korea’s GloBE Law to the OECD Model Rules

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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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