
South Korea to Apply a QDMTT from January 1, 2026
South Koreas 2025 Tax Reform Proposal (announced on July 31, 2025), provides that a QDMTT will be applied from January 1, 2026.
• is designed to pool assets from a number of investors (some of which are unrelated);
• invests in accordance with a defined investment policy;
• allows investors to reduce transaction, research, and analytical costs, or to spread risk collectively;
• is primarily designed to generate investment income or gains, or protection against a particular or general event or outcome;
• investors have a right to return from the assets of the fund or income earned on those assets, based on the contributions made by those investors;
• it or its management is subject to a regulatory regime in the jurisdiction in which it is established or managed;
• it is managed by investment fund management professionals on behalf of the investors.
General
South Koreas 2025 Tax Reform Proposal (announced on July 31, 2025), provides that a QDMTT will be applied from January 1, 2026.
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– a draft law to amend its Minimum Tax Law to provide for the January 2025 OECD Administrative Guidance and the EU DAC 9 GIR filing requirements: and
– a draft Regulation which includes the format of the GIR
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