Tax Deduction and Return Gifts Provided for Donations

Gokseong-gun Launches Promotion for Hometown Love Donation Program Implementation View original image

[Gokseong=Asia Economy Honam Reporting Headquarters Reporter Cha Jong-sun] Gokseong-gun, Jeollanam-do (Governor Lee Sang-cheol) announced that it will officially implement the Hometown Love Donation System starting January this year.


The Hometown Love Donation System is a program that allows individuals to donate up to 5 million KRW annually to local governments other than their jurisdictional address.


Donors receive tax deductions (full deduction for amounts up to 100,000 KRW, 16.5% deduction for amounts exceeding 100,000 KRW) and thank-you gifts worth up to 30% of the donation amount.


As thank-you gifts for the Hometown Love Donation System, Gokseong-gun offers 19 items including Gokseong Simcheong gift certificates, rice, melon, apple, strawberry, blueberry, cherry, peach, pear, scorched rice, pork, beef, black glutinous corn, taro, and crafts.


To participate in the Hometown Love Donation System, donations can be made online through ‘Hometown Love e-um’ or by visiting any NongHyup Bank branch nationwide. When visiting a NongHyup Bank, donors must bring their personal identification.


Governor Lee Sang-cheol of Gokseong-gun stated, “The Hometown Love Donation is an investment in the future of Gokseong-gun, which is facing the crisis of regional extinction. We will do our best to raise donation funds so that Gokseong-gun and its residents can be happier and improve their quality of life.”




Gokseong=Asia Economy Honam Reporting Headquarters Reporter Cha Jong-sun hss79@asiae.co.kr


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

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