Korea's Monthly Rent Tax Credit: the 80M-Won and 17% Thresholds
Korea's wolse (monthly rent) tax credit returns 15–17% of rent up to 10 million won a year for renters earning under 80 million. The cap bites at 833,000 won a month.
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Monthly Rent Tax Credit in Korea: Who Qualifies and How Much
Korean renters earning up to 80 million won a year can claim 15-17% of annual rent (capped at 10 million won) as a tax credit - up to 1.7 million won back.