2025 Tax Year End Changes Guide to the Expanded Child Tax Credit and Marriage Tax Credit for Multiple Children
Every year, the South Korean government revises its tax laws to overcome changing economic indicators and demographic crises, striving to protect the real income of working people and realize social value. The 2025 imputation year-end settlement focuses more than ever on two core values: responding to the declining birthrate and aging population, and restoring the people's economy. In particular, it is characterized by a significant increase in direct cash tax benefits for multi-child households and lower deduction thresholds for expenses that are closely related to daily life, such as housing and sports activities. This report provides an in-depth analysis of these changes and shows how workers can...