▪ The 2026 Local Tax Law Amendments were deliberated and resolved at the 3rd plenary session of the 430th Extraordinary Session of the National Assembly (December 30, 2025); this document explains the results and key contents.
▪ Progress of Local Tax Law Amendments Deliberation
▪ Major amendments include an increase in corporate local income tax rate, differential support for tax reductions by region, acquisition tax reductions for housing in non-metropolitan and population-declining areas, and extension of acquisition tax reductions for housing to support childbirth and childcare.
▪ Increase in corporate local income tax rate alongside corporate tax hike
▪ Differentiation of regional tax reduction support for industrial, logistics, and tourism complexes
▪ Support for revitalizing local real estate markets in non-metropolitan and population-declining areas
▪ Extension of tax breaks for childbirth/childcare-related housing acquisitions and addition of publicly acquired rental housing to reduction targets
▪ Other amendments to local tax laws