Gov't to retain basic deduction for single-home owners not living in their homes
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Source: South Korea
Published: 2026-09-01 15:26 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, South Korea, Tax & Budget, Business & Economy, Asia Pacific
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Snippet:
SEOUL, Sept. 1 (Yonhap) -- South Korea will retain most elements of the tax code revision proposed last month but scrap a plan to lower the existing basic deduction for single-home owners who do not live in their homes following controversy, the finance ministry said Tuesday.
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