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new tax policies

Other Taxes

Official Abolition of the Business License Tax Effective January 1, 2026

From January 1, 2026, a major change in tax and fee policy officially takes effect: the complete abolition of the business license fee (commonly referred to as the business license tax).This is considered a significant step in the roadmap to reduce compliance costs, promote the private sector, and support small businesses and household businesses. So […]

Labor Law

All overtime pay and night-shift wages will be exempt from personal income tax (PIT) from 2026 onward.

Starting in 2026, personal income tax (PIT) policy will see a highly noteworthy change, particularly for employees who frequently work overtime or night shifts. Under the 2025 Personal Income Tax Law, all overtime pay and night-shift wages will be fully exempt from personal income tax, instead of only the differential portion as applied under previous […]