Response Strategies for the New Tax Reform Proposal... Samil PwC Holds Briefing Session

Over 600 Corporate Representatives Attend

Analysis and Strategies for the Corporate and Inheritance Tax Reform Proposals

The tax reform proposal announced by the government last month encompasses the entire range of tax laws, including the Restriction of Special Taxation Act, the Corporate Tax Act, the Comprehensive Real Estate Tax Act, and the Inheritance and Gift Tax Act. Experts have pointed out the need to closely examine the background of the amendments and their practical impacts in order to develop effective response strategies for businesses.

On September 15, Samil PricewaterhouseCoopers (Samil PwC) announced that it had held a '2026 Tax Reform Proposal Briefing' containing such information the previous day at its headquarters in Yongsan-gu, Seoul.

During the opening remarks, Jung Minsu, Head of the Tax Advisory Division at Samil PricewaterhouseCoopers, stated, "The recently announced proposal is centered on supporting a rebound in potential growth, aiding livelihoods and local economies, as well as prioritizing fair taxation and rationalizing the tax system. It includes a wide range of changes that will impact both individuals and businesses. Since the details may change during the National Assembly subcommittee review and the process of developing enforcement decrees and rules, it is essential to stay up to date before making key decisions."

Lee Jeonoh, Adviser at Samil PricewaterhouseCoopers and Endowed Professor at Gangnam University Graduate School of Taxation, emphasized, "While public attention is focused on real estate taxes, the proposal includes various measures such as the introduction of a new domestic production tax credit, strengthening the competitiveness of small and venture businesses, locally driven growth, and reforms to the business succession tax credit. Beyond simply identifying what has changed, it is important to understand why the changes were made and the future direction of tax policy."

Following this, Samil PricewaterhouseCoopers partners presented the main content of the tax reform proposal, its impact on business practices, and response strategies over a total of seven sessions. The first part addressed the Corporate Tax Act and the Framework Act on National Taxes (presented by Partner Shin Yunseop), followed by the Inheritance and Gift Tax Act (Partner Kim Ungyu), and the Income Tax Act and the Comprehensive Real Estate Tax Act (Partner Park Juhui). The second part covered the Restriction of Special Taxation Act and the Value-Added Tax Act (Partner Park Jongwoo), as well as the International Tax Act (Partner Lee Dongyeol), the Local Tax Act (Partner Kim Sujeong), and the Customs Act (Partner Lee Youngmo).

Jung Minsu, Head of Tax Advisory at Samil PricewaterhouseCoopers, is delivering the opening remarks at the "2026 Tax Reform Proposal Briefing" held on the 14th at the Samil PwC headquarters in Yongsan-gu, Seoul. Photo by Samil PwC

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