Watching a movie is also subject to a 30% income tax deduction

‘Watching a movie’ is also subject to a 30% income tax deduction… Year-end tax settlement ‘tips’ selected by the Ministry of Government Legislation

Starting this year, you can also receive income deduction benefits when watching a movie at a movie theater.

On the 11th, the Ministry of Government Legislation released a report on the tax law revisions that will change this year, including the tax amount and taxes that you should be aware of. We introduced laws related to income deduction.

Watching a movie is also subject to a 30% income tax deduction
Watching a movie is also subject to a 30% income tax deduction

First of all, income deduction support will be strengthened starting this year.

For amounts exceeding 25% of the current total salary, the deduction rate is △credit card 15% △cash receipt/check card 20% △books, performances, art galleries, museums, etc. 30% △traditional market and public transportation 40% These are applied respectively.

Starting this year, a 30% deduction rate is also applied to movie admission fees.

However, the income deduction for books, performances, art galleries, museums, and movie admission fees is not allowed. Applies only to those whose total salary is less than 70 million won.

The income deduction limit will also be raised.

For those whose total salary is less than 70 million won, the basic deduction limit is 3 million won plus the additional deduction limit is 3 million won, and for those whose total salary exceeds 70 million won. The basic deduction limit is adjusted to 2.5 million won and the additional deduction limit is 2 million won.

The new deduction limit will be applied until December 31, 2025.

Inflation rise Considering this, the meal exemption tax limit will increase from 100,000 won per month to 200,000 won per month starting this year.

There is also a change in the fact that the income tax base range is adjusted, such as raising the standard amount for the bottom three income levels. This is the part.

Last year, △6% below 12 million won △15% between over 12 million won and below 46 million won △24% between over 46 million won and below 88 million won From this year, △6% below 14 million won △1400 15% applies to those exceeding 10,000 won but less than 50 million won △24% applies to those exceeding 50 million won to less than 88 million won.

Income tax reduction benefits will increase for those employed in small and medium-sized businesses.

If people over 60 years of age, people with disabilities, women with career breaks, etc. are employed in small and medium-sized enterprises in the agriculture, fishing, manufacturing, wholesale, and restaurant industries, a 70% discount rate is applied for three years. For young people, it is 90% for 5 years.

Also, the existing annual tax reduction limit was 1.5 million won, but from this year, it will increase to 2 million won.

The range of housing eligible for monthly rent tax deductions. will be expanded and the deduction rate will be raised by 5 percentage points (p).

The target houses will be changed from the existing ‘national housing size (85㎡) or less or the standard market price of 300 million won or less’ to ‘national housing size’. It is expanded to homes with a base price of 400 million won or less.

The deduction rate is for those who do not own a home with a total salary of 70 million won (comprehensive income amount of 60 million won) or less and whose total salary is 55 million won (comprehensive income amount of 55 million won). 15% applies to those earning more than 45 million won, and 17% applies to those earning 55 million won or less. Previously, they were 10% and 12%, respectively.

In addition, the income deduction limit for the repayment of principal and interest on housing rental loans will be increased to 40% of the repayment amount. A deduction of up to 4 million won per year is possible, including the principal and interest repayment deduction and the housing subscription savings deduction.

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