The South Korean National Assembly March 28 accepted for consideration Bill No. 2209468, to partially amend the Income Tax Act. The bill includes a measure to use the lease date when calculating the holding period, period of residence, and tax rate of the long-term holding deduction for construction rental units exempt from capital gains tax. The law would enter into force on the date of promulgation. [South Korea, National Assembly, 03/28/25]
Reference:
View Bill No. 2209468. View Legislative History of Bill No. 2209468. View Index.