Jangseong-gun Provides 'Property Tax Reduction' to Good Landlords and Chinese Export Companies

[Asia Economy Honam Reporting Headquarters, Reporter Oh Gilsu] Jangseong-gun, Jeollanam-do announced on the 10th that it will promote property tax reductions for 'Good Landlords' who voluntarily lowered building rents to help small business owners overcome management difficulties together, as well as for companies exporting to China.

The tax item subject to reduction is the property tax on buildings due in July. Jangseong-gun will reduce up to 50% of the relevant tax for building owners who have lowered rents by a total of 30% or more for at least three months before June 1.

Additionally, for companies exporting to China and exporters of Chinese parts whose sales decreased by 20% or more compared to the first quarter of the previous year, property tax reductions ranging from a minimum of 25% to a maximum of 75% will be provided.

Eligible applicants must submit supporting documents and apply between June 1 and 15.

'Good Landlords' must submit lease contracts, copies of deposit accounts, building registers, and tenant business registration certificates, while companies exporting to China must prepare value-added tax filing documents from last year to the first quarter of this year and export-import performance certificates by country (China).

Yoo Doo-seok, the mayor of Jangseong-gun, said, "We aim to boost the morale of citizens and businesses affected by the COVID-19 crisis by reducing taxes for Good Landlords and companies exporting to China."

This content was produced with the assistance of AI translation services.