01
Tax Incentives Information
The Korea Library Cultural Foundation is a "designated donation organization" under the Income Tax Act and the Corporate Tax Act, and donations made can enjoy certain tax benefits.
01
02
03
04
Step 01. Donors (Individuals, Corporations)
Agreement Submission
Step 02. Korea Library Cultural Foundation
Decision on Accepting Donations
Step 03. Donors (Individuals, Corporations)
donations deposit
Step 04. Korea Library Cultural Foundation
Donation Receipt Issuance
Support Project for 'Visiting Libraries' Targeting Vulnerable Groups
Supporting the Operation of the 'Library Creative Humanities School' to Cultivate Future Talent
| donor | Content |
|---|---|
| Individuals (earned-income earners) | For donations of less than 10 million won, a 15% tax credit applies up to 30% of the donor’s income, with an additional 30% tax credit applicable on any amount exceeding 10 million won. |
| corporation | Deductions not exceeding 10% of corporate income are recognized. |
* It is included in the National Tax Service’s simplified year-end settlement service, allowing for convenient receipt of tax deductions.