- Small or medium startup enterprises (startup venture business)
(Article 58-3 of the Restriction of Special Local Taxation Act)
|
- Real properties acquired within 4 years from the date founded
- Exempted tax items and rates
- Acquisition tax: exempted 75%
- Property tax exempted 100% for 3 years; exempted 50% for the following 2 years
|
- Enterprises admitted into industrial complex
(Article 78 of the Restriction of Special Local Taxation Act, Article 7-2 of the Gyeongsangnam-do Ordinance on Provincial Tax Exemption)
|
- Land acquired for constructing a new industrial building or industrial building newly constructed or expanded for acquisition
- Exempted tax items and rates
- Acquisition tax: exempted 75%
- Property tax exempted 75% for 5 years
|
- Replacement occupant of agro-industrial complex
(Article 7 of the Gyeongsangnam-do Ordinance on Provincial Tax Exemption)
|
- Tax exempted on real properties acquired by a business that plans to start business operations inside an agro-industrial complex by acquiring a factory that has been closed (after six months elapses from the day the closure is reported) or whose operation is discontinued (after three months from the day the business is discontinued)
- Exempted tax items and rates
- Acquisition tax: exempted 75%
|