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Exercise to cut your taxes? Public sports facilities now eligible for income deduction
AI 3-line summary
- The Ministry of Culture, Sports and Tourism said public sports facilities and comprehensive sports facility businesses will also be included in the income deduction for sports facility usage fees starting in July.
- About 1,300 public sports facilities and about 300 comprehensive sports facility businesses are being added, bringing the total eligible facilities to about 17,300.
- Businesses must apply through the Culture Expense Income Deduction website (culture.go.kr/deduction) by the end of June for consumers to receive the deduction from July.
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Read the full article (machine translation) → Original article (Korean): 운동하면 세금도 줄어든다?…공공체육시설까지 소득공제 대상 ‘펑!’
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