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Poker
Joined: 16 Jan 2010
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 Posted: Sun Sep 09, 2012 10:32 pm Post subject: S. Korea unveils new $5.2 bn stimulus package |
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In an effort to boost the flagging real estate market, capital gains taxes will be exempted for five years for newly built homes purchased this year, the ministry said.
The housing acquisition tax will be halved for home purchases taking place during the rest of this year, it said, while individual income tax will also be cut.
Also, individual consumption taxes for cars and home appliances will be cut until the end of the year by 1.5 percentage points to 3.5 percent for small cars and to 6.5 percent for big cars, while duties on home appliances will fall to 3.5 percent |
This was released today. I am curious about the cut in income tax. Can anyone elaborate further? No specific details about this anywhere so far. I thought a thread here would be helpful when more info is released. I hope we get a tax cut! Also, seems like a good time to buy property for the long timers on F-visas.
http://www.google.com/hostednews/afp/article/ALeqM5j-_cwFJJ8DJceP2q7ElCSKt9artg?docId=CNG.c127e5d06bd0c3c842bebf5fe5d7f2af.6e1[/b] |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Mon Sep 10, 2012 3:29 am Post subject: |
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| Promises Promises |
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schwa
Joined: 18 Jan 2003
Location: Yap
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| Posted: Mon Sep 10, 2012 4:18 am Post subject: |
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I doubt income tax cuts would be aimed at us paying from 1.5 & 3%.
Thats already about as good a deal as it gets. |
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