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Republic of Korea: Government extends and increases tax concession to commercial landlords with tenants running SMEs

Description

On 16 March 2021, the Korean National Tax Service prolonged and modified an existing tax scheme, entitled the Good Landlord Tax Credit. The tax scheme provides tax concessions to commercial landlords ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Mar 2021

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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