
South Korea said Tuesday that it will toughen its criteria used to determine whether to provide tax exemptions and other benefits as part of efforts to reduce excessive tax expenditure. Under the 2014 tax expenditure plan, which was approved by a Cabinet meeting, the finance ministry said that it will not approve any new tax exemption or cut whose value exceeds about 10 billion won (US$9.29 million) if it fails to pass a feasibility test. The exact threshold will be decided later.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
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