Major tax relief measures in the agricultural sector 'extended for three years'

Published Dec 5, 2025

Tridge summary

[Korean Farmers and Fishermen Newspaper, Reporter Kim Kyung-wook] With the passage of the 'Partial Amendment Bill of the Special Tax Treatment Limitation Act' through the National Assembly, the major agricultural sector tax relief special provisions, which were scheduled to sunset on December 31 of this year, have been extended by three years until December 31, 2028. However, concerns have been raised as the amendment includes a reduction in the agricultural and livestock cooperative tax special provisions, and demands are being made that the soon-to-be-discussed local tax relief for the agricultural sector should not be reduced. The National Assembly decided on the amendment to the Special Tax Treatment Limitation Act in a plenary session on the 2nd. Accordingly, △ the gift tax exemption special provision for farmland received by farming offspring △ the value-added tax on the supply of agricultural, livestock, and forestry machinery and equipment

Original content

Decision on the Revision of the Special Tax Treatment Limitation Act Agricultural land gift tax exemption, etc. to continue Some agricultural and livestock cooperative tax exemptions to be reduced Korean Federation of Agricultural Cooperatives Associations "Concerns about the decline of support programs Local tax reduction should not continue" With the passage of the 'Partial Revision of the Special Tax Treatment Limitation Act' through the National Assembly, the major agricultural tax exemption special provisions, which were scheduled to expire on December 31 of this year, have been extended for three years until December 31, 2028. However, concerns have been raised as the revision includes a reduction in agricultural and livestock cooperative tax exemptions, and there are also demands that local tax reductions in the agricultural sector should not be reduced any further. The National Assembly decided on the revision of the Special Tax Treatment Limitation Act in a plenary ...
Source: Agrinet

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