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Jeju to Provide Tax Support for Multi-Child Families
(JEJU = Newsis) The city of Jeju is set to provide tax support on the car and house acquisition taxes for multi-child families
The city announced today that it will exempt the acquisition tax on the first for-family car of a family with more than three children under 18.
The acquisition tax on seven to 10-seater cars, passenger cars with less than 15 seats, trucks with less than one ton capacity and two-wheeled vehicles will be exempted.
However, the acquisition tax on cars with less than five seats will be deducted up to KRW 1.4 million.
The house purchased for rearing purpose will also receive 50 percent of acquisition tax deduction. kydjt6309@newsis.com
Source Text
Source: Newsis (Mar. 12, 2014)
** This article was translated from the Korean.
Date
2014.03.12
Views
490
(JEJU = Newsis) The city of Jeju is set to provide tax support on the car and house acquisition taxes for multi-child families
The city announced today that it will exempt the acquisition tax on the first for-family car of a family with more than three children under 18.
The acquisition tax on seven to 10-seater cars, passenger cars with less than 15 seats, trucks with less than one ton capacity and two-wheeled vehicles will be exempted.
However, the acquisition tax on cars with less than five seats will be deducted up to KRW 1.4 million.
The house purchased for rearing purpose will also receive 50 percent of acquisition tax deduction. kydjt6309@newsis.com
Source Text
Source: Newsis (Mar. 12, 2014)
** This article was translated from the Korean.