Andong-si, Resident Tax Exemption ... Property Tax Reduction for COVID-19 Dedicated Hospitals

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Andong City, Gyeongbuk Province (Mayor Kwon Young-se) announced on the 11th that it will reduce local taxes to ease the tax burden on citizens who are struggling due to the prolonged COVID-19 pandemic.

The tax reduction is based on the local tax reduction plan approved at the Andong City Council's extraordinary session in May. It exempts the resident tax (individual portion) and waives the resident tax (employee and business place portions) and property tax (buildings) imposed on dedicated medical institutions for COVID-19 prevention.

This local tax reduction will be processed ex officio without a separate application procedure. The expected reduction scale is ▲ resident tax (individual portion) 65,000 cases, 650 million KRW ▲ resident tax (employee and business place portions) 13 cases, 86 million KRW ▲ property tax (buildings) 1 case, 34 million KRW.

An Andong City official stated, "We hope this tax reduction measure will help citizens overcome difficulties caused by the prolonged COVID-19 pandemic even a little, and we will continue to provide active administrative support within the maximum scope allowed by law."

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