Recommended Cultural Products to Enjoy According to Your Preferences
[Culture & Life Department Reporter Choi Jeong-hwa] With the summer vacation season approaching, we propose a cultural vacation that also offers year-end income tax deduction benefits.
The ‘Cultural Expense Income Deduction’ is a promotion run by the Korea Culture Information Service under the Ministry of Culture, Sports and Tourism, introduced to expand the public’s opportunities to enjoy culture. Expenses for book purchases, performance tickets, and museum and art gallery admission fees qualify for the cultural expense deduction. Employees with a total annual income of 70 million KRW or less can receive an income deduction of up to 1 million KRW.
Save on booking fees and get income deductions for performances
By using the public ticket booking platform ‘MunhwaN Ticket,’ which supports ticket booking and promotion for small and medium-sized cultural groups, you can book performance tickets without booking fees and also receive income deduction benefits.
You can enjoy various genres of culture according to your taste, such as the concert 'Pungnyu Yeoljeon' introducing a new world of Korean traditional music, the original musical 'Dokdo Arirang' about ancestors who protected Dokdo, the children’s musical 'The Lion Who Went to the Library' reflecting on consideration for others, 'Pilgrim’s Progress' teaching life truths through fables, and the sweet yet thrilling horror romance 'Oh My Ghost'.
Diverse experiences during Museum & Art Gallery Week
The 2020 Museum & Art Gallery Week, themed ‘Comfort in Everyday Life, A Journey for Myself,’ will be held from August 14 to 23. It offers nine programs linked to the regional characteristics of four areas (Capital Region, Gangwon & Chungcheong Region, Jeolla & Jeju Region, Gyeongsang Region) and 15 educational experience programs spreading the value of ‘Diversity and Inclusion,’ the common theme of museums and art galleries worldwide this year. You can experience various programs such as the five-sense exhibition ‘Eyes of the Mind ? Touching the Exhibition’ at the Lim Museum in Gyeongnam, which changes perceptions about disabilities; ‘Save Me, Holmes’ at the Uyang Museum in Gyeongju, exploring social issues and solutions for abandoned animals; and ‘Da(gachi), Together’ at the Yangpyeong County Museum in Gyeonggi, experiencing cultural diversity.
You can check museums and art galleries eligible for income deduction on the Cultural Expense Income Deduction website. Additionally, to support the museum and art gallery sector affected by the spread of COVID-19 and to recover visitor demand, MunhwaN Ticket plans to distribute discount coupons starting August 14.
Income deduction available for paper books, e-books, and used books
The Korea Culture Information Service, in collaboration with the online bookstore Yes24, is holding the ‘Leave Your Summer Vacation to Us’ event to promote the cultural expense income deduction and introduce books suitable for summer vacation reading. Recommended re-cover editions for the summer season include Jeon Seung-hwan’s 'When I Don’t Even Know What I Want,' featuring a refreshing watermelon-themed cover, Jung Yoo-jung’s novel 'Seven Years of Night,' and Jo Kyung-gyu’s 'Omurice Jam Jam 11.' For books, income deduction is available when purchasing books with an International Standard Book Number (ISBN) starting with 978 or 979 (e-books must have an ECN). Additionally, used book purchases also qualify for income deduction.
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