Announcement
01 Jan 2020
On January 1st, 2020, the Good Landlord Tax Credit came into effect as a result of COVID-19.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
23 Mar 2020
Revocation date:
16 Mar 2021
Removed: 30 Jun 2021
Tax or social insurance relief
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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Related State Acts
Removed: 30 Jun 2021
Republic of Korea: First 2021 supplementary budget worth KRW 14.9 trillion passes at National Assembly
Announced: 16 Mar 2021
Republic of Korea: Government extends and increases tax concession to commercial landlords with tenants running SMEs
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Republic of Korea: MOEF announces more measures to help businesses overcome COVID-19 fallout
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Republic of Korea: National Eximbank announces extra $162m of COVID-19 support funding for SMEs
Announced: 19 Mar 2020
Republic of Korea: $42.1bn COVID-19 'Financial Support Package' announced by several ministries
Announced: 16 Mar 2020
Republic of Korea: Second stimulus package of $6.4bn for COVID-19 recovery announced
Announced: 04 Mar 2020
Republic of Korea: First economic stimulus of $9.86bn to tackle COVID-19 announced
Announced: 28 Feb 2020
Republic of Korea: Eximbank announces removal of interest rate on $823m of loans to SMEs to combat COVID-19
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Republic of Korea: Introduction of financial support for certain firms following COVID-19 outbreak
Announced: 12 Feb 2020
Republic of Korea: MOEF announces more support measures for domestic firms to guard against COVID-19
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