![[세법 시행령] Investment tax credit integration… New growth and source technology R&D tax credit expansion](http://img.newspim.com/news/2021/01/05/2101052033547430.jpg "[세법 시행령] Investment tax credit integration… New growth and source technology R&D tax credit expansion")
Investment tax credit for all businesses except for real estate rental and consumer service business
Expansion of tax credit for new growth technologies such as digital, green, medical bio, etc.
[세종=뉴스핌] Reporter Min Gyeong-ha = The government will create a new’Integrated Investment Tax Credit’ that combines all tax support for corporate investment. Target business types are all businesses excluding real estate leasing and supply business, and consumable service business, and land, buildings, and vehicles are in principle excluded from the tax credit.
In addition, tax credits for research and development costs for new growth and source technologies will be expanded. It plans to support 240 technologies in 12 fields by adding digital and green New Deal and bio-related technologies to the target.
On the 6th, the Ministry of Strategy and Finance announced the’Amendment to the Enforcement Decree of the Tax Law’ containing these details. This enforcement decree was prepared to set specific details for smoothly implementing the tax laws that passed the regular National Assembly in 2020.
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| Lim Jae-hyun (second from right), head of the Ministry of Strategy and Finance’s taxation office, is all speaking at a briefing on the Tax Law Enforcement Decree held at the Sejong Government Complex on the 5th. [사진=기획재정부] 2021.01.05 [email protected] |
First, the government stipulated details related to the establishment of the integrated investment tax credit through the enforcement decree. The newly established integrated investment tax credit is a tax credit that combines the investment tax credit for 9 specific facilities with different support targets and levels and the investment tax credit for SMEs.
The business types subject to the integrated investment tax credit are all businesses excluding the real estate rental/supply business and the consumable service business. Of these, land, buildings, and vehicles were excluded in principle, but deductions were allowed for facilities subject to specific facility investment tax credits and essential business assets for each industry.
The scope of new growth technology commercialization facilities that are subject to a higher deduction rate than other investments will be expanded. It will add 25 technologies, including manufacturing and designing advanced memory semiconductors and utilizing carbon dioxide.
In addition, the target of tax credit for R&D expenses for new growth and source technology will be expanded. From 223 technologies in 12 fields such as future automobiles and artificial intelligence, it will be reorganized into 240 technologies in 12 fields by adding digital and green new deals and medical and bio industry technologies.
Specifically, ▲ advanced memory semiconductor and power semiconductor design and manufacturing technology ▲ data de-identification technology ▲ carbon dioxide utilization technology ▲ physical function auxiliary medical device development technology, etc.
On the other hand, 8 technologies that are not suitable due to commercialization due to technology development and poor effectiveness are excluded. Specifically, ▲ information content technology ▲ high-performance non-woven fabric manufacturing and utilization technology, etc.
This revision of the enforcement decree is expected to be promulgated and implemented in February after a legislative notice, a vice minister’s meeting, and a state council meeting.