ARTICLE 7 (SPECIAL TAX CREDIT FOR SMALL AND MEDIUM-SIZED ENTERPRISES)

For companies among small and medium-sized enterprises operating the industries eligible for reduction under item 1 below, the amount of tax equivalent to the tax rate in item 2 multiplied by the income generated at the business site, which is the income tax or corporate tax on such income, shall be reduced (limited to the amount calculated according to item 3). This shall apply until the tax year ending before December 31, 2028. Provided, that if the head office or main office of a domestic corporation is located in the Seoul Metropolitan Area, all business sites shall be deemed to be in the Seoul Metropolitan Area, and the reduction rate according to item 2 shall apply. <Amended by 2010.12.27, 2011.12.31, 2013.1.1, 2014.1.1, 2014.12.23, 2015.12.15, 2016.12.20, 2017.12.19, 2018.12.11, 2018.12.24, 2020.6.9, 2020.12.29, 2021.4.20, 2021.8.17, 2022.12.31, 2023.12.31, 2024.12.31, 2025.3.14, 2025.12.23> 1. Industries eligible for reduction a. Crop cultivation b. Livestock farming c. Fisheries d. Mining e. Manufacturing f. Sewerage and waste treatment (including recycling), raw material regeneration, and environmental restoration g. Construction h. Wholesale and retail trade i. Passenger transport among transportation industries j. Publishing k. Video and audio recording production and distribution (excluding video viewing hall operations) l. Broadcasting m. Telecommunications n. Computer programming, system integration, and management o. Information services (excluding virtual asset trading and brokerage) p. Research and development q. Advertising r. Other scientific and technological services s. Packaging and filling t. Professional design u. Creative and artistic related services (excluding freelance artists) v. Contract manufacturing based on private label, as prescribed by Presidential Decree w. Engineering services x. Logistics industry y. Operation of academies that teach vocational skills under the Act on the Establishment and Operation of Academies and Tutoring, or operation of vocational competency development training facilities under the Act on National Lifelong Vocational Competency Development (limited to cases where vocational competency development training is the main business) z. Operation of automobile repair shops, as prescribed by Presidential Decree aa. Ship management services under the Maritime Transport Act ab. Operation of medical institutions under the Medical Service Act [limited to clinics, dental clinics, and oriental medical clinics where the proportion of medical care benefit payments received under Article 47 of the National Health Insurance Act to their revenue (sales calculated according to corporate accounting standards) for the relevant tax year is 80 percent or more, and the total income for the relevant tax year is 100 million won or less. Hereafter referred to as "medical services" in this Article] ac. Tourism businesses under the Tourism Promotion Act (excluding casinos, tourist entertainment establishments, and foreign-exclusive entertainment establishments) ad. Operation of elderly welfare facilities under the Elderly Welfare Act ae. Exhibition industry development under the Exhibition Industry Development Act af. Labor supply and job placement services (including supply of agricultural labor) ag. Call center and telemarketing services ah. Businesses operated by energy-saving specialized companies under Article 25 of the Energy Use Rationalization Act ai. Operation of long-term care institutions providing home care benefits among long-term care institutions under Article 31 of the Long-Term Care Insurance for the Aged Act aj. Building and industrial facility cleaning services ak. Security and guarding services al. Market research and public opinion polling am. Social welfare services an. Intangible asset rental business (limited to cases of renting intellectual property under Article 3 (1) of the Framework Act on Intellectual Property) ao. Industries under Article 2 (1) (b) of the Industrial Research Promotion Act ap. Private care and similar services, social education facilities, employee training institutions, other technical and vocational training academies, libraries, historic sites, and similar leisure-related services (excluding reading room operations) aq. Housing rental management business under the Special Act on Private Rental Housing ar. New and renewable energy power generation business under the Promotion Act for the Development, Utilization, and Diffusion of New and Renewable Energy as. Security system services at. Forestry a