S.Korea to raise genuine property tax rate on a few dwelling-householders by up to 6% per year – finmin – Reuters
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S.Korea to raise genuine property tax rate on a few dwelling-householders by up to 6% per year – finmin – Reuters

SEOUL, July 10 (Reuters) – South Korea’s finance ministry mentioned on Friday the authorities will elevate the genuine property tax rate on a few dwelling-householders to as a lot as 6% per year.

The ministry mentioned in a commentary it would furthermore elevate capital beneficial properties tax charges by up to 70% for those selling homes after proudly owning them for decrease than a year, and will impose up to 30 share aspects more on top of the fundamental tax rate on a few dwelling-householders. (Reporting by Cynthia Kim, Joori Roh; Editing by Jacqueline Wong)

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July 14, 2020
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