Stay ahead of changes impacting
the financial accounting
and reporting of income taxes.
Special provisions on taxation for transfering, acquisition or rent of patent.
11th Jan 2017
Written by Yun, Hyung Seon
Translated by Park, Eun Kyung
Ⅰ. Outline
Transfering, acquisition or rent of patent which is made by medium and small firm can be deducted or exempted.
Ⅱ. Special provisions on taxation for technology transfering and acquisition(Tax deduction and exemption control Act 12).
1. Tax exemption for transfering income.
Transfering income
Transfering from Medium and small firm(50% tax deduction) to local.
2. tax deduction for patent acquisition
Acquisitionamount
From local to medium and small firm (7% taxdeduction).
From Medium and small firm to unmedium andsmall firm (3% tax deduction).
3. tax deduction for rent
Rental income
From Medium and small firm (25% tax deduction) to local, foreigner.
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