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Tax Relief After Rain Disaster | South Korea News
Heavy rain slammed South Gyeongsang, and the government’s responding with tax relief — deadlines for corporate, VAT, and income taxes are being pushed back up to two years for affected taxpayers. Businesses in disaster-hit zones get automatic extensions without filing, and audits are paused for hit industries like fisheries and tourism. Even those outside official zones struggling financially may qualify for flexible support. After Geoje and Tongyeong were declared special disaster zones, this move aims to ease recovery burdens while keeping the system fair. Listen in comfort:Get a discount…
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