Tax Incentives for Foreign Investment in Free Economic Zones

경제자유구역 외국인 투자 조세 인센티브 안내 표-대상,세금종류,감면기간및감면율,근거조항 안내

Applicable Entities	Types of Taxes		Reduction Period and Reduction Rate	Legal Basis
Developers / Foreign-Invested Tenants (Article 121-2 of the Act on Restriction on Special Cases Concerning Taxation)	National Taxes	Customs Duties, Individual Consumption Tax, Value-Added Tax	100% Exemption upon Meeting the Requirements (※Requirement: Importation within 5 years of declaration, etc.)	Article 121-3 of the Act on Restriction on Special Cases Concerning Taxation and Article 116-5 of its Enforcement Decree
		Corporate Tax, Income Tax	100% Exemption for 3 years, 2 years later: 50%	Article 121-2 of the Act on Restriction on Special Cases Concerning Taxation and Article 116-2 ⑤,⑥ of its Enforcement Decree
	Local Taxes	Acquisition Tax (Municipal Tax)	100% Exemption for 15 years	Article 94 of the Tax Imposition and Reduction Ordinance of Incheon Metropolitan City
		Property Tax (District Tax)	100% Exemption for 10 years, followed by 50% for 3 years 50%	Article 4 of the Jung-gu District Tax Reduction Ordinance of Incheon Metropolitan City

Tax Reduction Criteria: Total Tax Base x Foreign Investment Ratio x Tax Rate

Eligible for Incentives

인센티브 적용 대상 안내 표-대상,개발사업시행자,입주외국인투자기업 안내

Applicable Entities	Developers	Tenant Foreign-Invested Companies
Incentive Eligibility Conditions	More than USD 30 million or foreign investment ratio of 50% or more with total project cost of USD 500 million or more	Manufacturing: Over USD 10 million Tourism: Over USD 10 million Logistics: Over USD 5 million R&D: Over USD 1 million Medical Institutions: Over USD 5 million

Inquiries

• Telephone : +082-32-741-4483
• Managing department : Airport City Development Team