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Special provisions on taxation for transfering, acquisition or rent of patent
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2017-11-13
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Special provisions on taxation for transfering, acquisition or rent of patent.

 

                                                        11th Jan 2017

                                                        Written by Yun, Hyung Seon

                                                       Translated by Park, Eun Kyung

. Outline

Transfering, acquisition or rent of patent which is made by medium and small firm can be deducted or exempted.

 

. 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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