If consumption increases in the first half of the year, additional income deductions and automobile opening taxes will be reduced by 30%.

In order to promote consumption, the government has decided to provide tax benefits for additional consumption in the first half of this year and cut the individual consumption tax on automobiles.

The government made the announcement today at an expanded economy-related ministers' meeting at the Government Complex Seoul.

The government has decided to apply an additional 20% income deduction for excesses if credit card usage in the first half of this year is 5% higher than in the first half of last year.

In addition, the government will cut individual consumption taxes by 30% when purchasing cars in the first half of the year, and cut opening taxes by 70% when scrapping old cars and buying new cars.

In addition, the government will also expand government subsidies when buying electric vehicles and increase refunds when purchasing home appliances for the vulnerable.

In addition, if the couple pays monthly rent separately, they will be allowed to deduct monthly income.