The same ₩600,000 rent — one gets ₩1.22M back, the desk next door gets ₩0
The monthly rent tax credit gives back 15% or 17% of rent to a renter who is a non-homeowning head of household with total pay of ₩80M or less and a completed move-in registration. At ₩55M or less the rate is 17%, so ₩7.2M of rent returns ₩1,224,000; above that it is 15%, ₩1,080,000. The cap is ₩10M of rent, a maximum of ₩1.7M, and anyone who does not apply gets ₩0.
Conditions used in the video
- Rent
- ₩600,000 a month (₩7.2M a year)
- Total pay
- ₩50M (17% rate)
- Months of residence
- 12
- Requirements
- non-homeowning head of household · move-in registered · lease address = registered address
Results
- Rent tax credit (₩7.2M × 17%)
- ₩1,224,000
- Colleague who did not apply
- ₩0
- At total pay ₩60M (15%)
- ₩1,080,000
- Maximum credit (₩10M cap × 17%)
- ₩1.7M
- Rate
- 17% at ₩55M or less · 15% above ₩55M up to ₩80M
- Recovering a missed year
- amended claim (5 years from the statutory filing deadline)
Why it works this way
Two employees pay the same ₩600,000 a month in rent. One gets ₩1,224,000 back and the other ₩0. The difference was applying.
Restriction of Special Taxation Act Article 95-2 monthly rent tax credit.
- Requirementsnon-homeowning head of household · total pay ₩80M or less · move-in registration
- ₩55M or less: 17%₩7.2M × 17% = ₩1,224,000
- Above ₩55M: 15%₩1,080,000
The cap is ₩10M of rent, so the maximum is ₩1.7M. Submit the lease and transfer records.
A missed year is not lost: an amended claim recovers up to five years. From 2026 a spouse at a different address can also claim an additional credit. The landlord's consent is not needed; only check that the lease address matches your resident registration.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Restriction of Special Taxation Act Article 95-2 (Tax credit for monthly rent)
In force Current (checked 2026-09-05)
A non-homeowning head of household employee with total pay of ₩80M or less receives a tax credit of 15% (17% at ₩55M or less) of rent paid, capped at ₩10M a year.
What this means
On the same rent, only the person who applies gets ₩1,224,000 back. Three requirements and two documents are all it takes.
Run it on your own numbers
The calculator opens with these conditions already filled in. Change the figures and your own case comes straight out.
Open the Monthly Rent Tax Credit
Frequently asked
Can the landlord block it?
No consent is needed. The employee applies directly with the lease and transfer records.
I missed it last year?
An amended claim can recover it for up to five years from the statutory filing deadline.
What if I never registered my move-in?
Move-in registration is a requirement. The lease address must match the resident registration, so register first.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.