SMEs Facing High Exchange Rate Burden Granted Up to 1-Year Deferral on Customs Duties

The Korea Customs Service is providing emergency tax support for small and medium-sized enterprises (SMEs) that are facing increased operational burdens due to high exchange rates when importing raw materials and components.

Eligible SMEs can apply to extend the deadline for customs duties paid upon import by up to one year or pay in installments for up to six times.

In addition, these companies can receive customized tax support, including the expedited payment of export duty refunds and the deferral of delinquency dispositions.
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