Anse Accounting Corp.Pillar Two in Korea: what a foreign group's Korean subsidiary must file and pay under the global minimum tax
Korea applies the Income Inclusion Rule from 2024, the Undertaxed Profits Rule from 2025 and its own domestic top-up tax from 2026. This guide explains which groups are in scope, what a Korean subsidiary of a foreign group must file and by when, how the transitional CbCR safe harbour works, and what is left in Korea when the parent's country already applies the IIR.