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Republic of Korea: Government provides tax incentive to commercial landlords with tenants running SMEs as a result of COVID-19

Description

On January 1st, 2020, the Republic of Korea announced a tax concession entitled the Good Landlord Tax Credit ("착한 임대인 세액공제" in Korean) to commercial landlords with tenants running small and medium bus...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Mar 2020

Revocation date

16 Mar 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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