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SMEs Told To Tackle Tax Liabilities Before Cash Flow Pressures Intensify

Purbeck Personal Guarantee Insurance is urging small businesses to plan ahead for forthcoming VAT and Corporation Tax payments, warning that the combination of outstanding pandemic borrowing, increased employment costs and seasonal cash flow pressures could leave some firms struggling to meet their tax obligations. Purbeck has set out five practical measures businesses can take to […] The post SMEs told to tackle tax liabilities before cash flow…

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(Seoul = Yonhap News) Reporter Gu Jeong-mo = Management innovation-type small and medium-sized enterprises (SMEs) are requesting an increase in the tax credit rate and an extension of the application period for the tax credit system designed to support employment retention...

·Seoul, Korea (the Republic of)
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The MainBiz Association (Korea Association of Small and Medium Enterprises for Management Innovation) assessed that the government's "2026 Tax Reform Plan" can broaden the growth foundation for innovative SMEs and revitalize regional economies and corporate competitiveness. However, it suggested that for tax benefits to be effective in practice, accessibility and convenience of use must be improved, and follow-up measures considering corporate g…

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조선일보 broke the news on Monday, August 10, 2026.
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