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[Chungnam]Incentives for the Development of Tourism Real Estate

Tax Support

  • Condition : Investment in hotels or resorts inside the individual-type foreign investment zone (minimum investment is $20M)
  • Support : 100 % reduction of corporate , income , and regional taxes including dividend tax for 5 years
  • Others : After 5 years , additional 50 % reduction for 2 years
  • Acquisition and property taxes: Exemption for 15 years