Global Trade Alert
Global Trade Alert

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

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

0 in force

Implementation date

23 Mar 2020

Revocation date:

No revocation date

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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