Gyeongbuk Cheongdo-gun, 100% Resident Tax Exemption... Corporations Exceeding 55,000 Won Excluded

On May 1st, Lee Seung-yul, the governor of Cheongdo County, Gyeongbuk, and others participated in the 'Thanks to You Challenge' in the county office yard.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Cheongdo-gun, Gyeongbuk Province (Governor Lee Seung-yul) announced on the 6th that it will exempt the uniform resident tax levied in August to alleviate the tax burden on residents, small business owners, and small and medium-sized enterprises struggling due to the prolonged COVID-19 pandemic.

The eligible subjects are individuals with addresses in Cheongdo-gun and individuals or corporations with business locations as of July 1.

The resident tax of 11,000 KRW for individual household heads and 55,000 KRW for individual business owners will be exempted by the county office's authority without a separate application. Only corporations with a corporate uniform resident tax exceeding 55,000 KRW will receive a tax bill.

Accordingly, Cheongdo-gun explained that 21,750 individual household heads, 984 individual business owners, and 853 corporations will receive tax benefits totaling 340 million KRW.

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