Ganghwa County Expands Local Tax Reduction for Benevolent Landlords

[Suwon Ilbo=Reporter Shin Eun-seop] Ganghwa County announced on the 22nd that it is expanding local tax reductions for "benevolent landlords" who have voluntarily reduced rent for small business owners facing difficulties due to COVID-19.

The eligible recipients are building owners who reduced or made agreements to reduce rent to small business owners prior to the tax assessment date (June 1, 2021).

For tax exemption applications, building owners should submit supporting documents including a local tax exemption application form, lease agreements before and after the rent reduction, account transaction details confirming the rent reduction, and a small business owner confirmation certificate from the tenant to the Ganghwa County Finance Division (☎032-930-3925).

The county will exempt 50% of the average monthly rent reduction amount for three months from the property tax payments due in July and September, up to a maximum of 2 million won.

For cases where the rent reduction period is less than three months, the total reduction amount will be converted to a three-month average, and 50% of the average rent reduction amount will be exempted.